1. Every corporation, association or person holding a harness horse race meeting pursuant
to sections two hundred twenty-two through seven hundred five of this chapter shall collect in addition to the admission price of tickets sold
or otherwise disposed of, for each such meeting held by such corporation, association
or person, a tax equivalent to four per centum of each such admission price; which
tax is hereby imposed. In case of failure to collect such tax the same shall be imposed upon the corporation,
association or person holding the race meeting. Such tax shall be paid to the state tax commission within ten days after the close
of each such race meeting, provided, however, that if the race meeting continues for
a period of more than thirty days the tax shall be paid at such regular intervals
as the tax commission may require. The payment of tax shall be accompanied by a report under oath showing the total
of all such taxes, together with such information as the tax commission may require. The amounts so collected shall be paid into the state treasury to the credit of
the general fund. Before any corporation, association or person liable to pay the tax hereby imposed
shall hold any race meeting, or exercise any of the powers conferred by sections two hundred twenty-two through seven hundred five of this chapter, it or he shall pay all taxes theretofore due; and shall file a
statement with the tax commission containing the name of the place and stating the
time when such races are to be held. Nothing in this section shall apply to a race meeting conducted by any state, county
or other agricultural association.
2. The tax commission shall have the power to examine or cause to be examined the
books and records of the corporation, association, person or persons so conducting
any such harness horse race meeting, and may hear testimony and take proofs material
for its information; and therefrom or from any other data which shall be satisfactory
to it the tax commission may order and state an account for the tax due the state,
together with the expense of such examination. A penalty of five per centum and interest at the rate of one per centum per month
from the due date to the date of payment of the tax shall be payable in case any tax
imposed by this section is not paid when due.
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