Fifty-fifth Legislature                                            Appropriations

Second Regular Session                                                  S.B. 1459

 

PROPOSED

SENATE AMENDMENTS TO S.B. 1459

(Reference to printed bill)

 


Page 1, between lines 1 and 2, insert:

"Section 1. Section 5-1211, Arizona Revised Statutes, is amended to read:

START_STATUTE5-1211. Fees

A. The department shall establish a fee for the privilege of operating fantasy sports contests.  In determining the fee, the department shall consider the highest percentage of revenue share that an Indian tribe pays to this state pursuant to the tribal-state gaming compacts and any amendments. The fee may not exceed ten percent. A fantasy sports contest operator shall report to the department and pay the fee from its monthly fantasy sports contest adjusted revenues, on a form and in the manner prescribed by the department. This subsection does not apply to an individual who offers a fantasy sports contest under section 5-1202, subsection B.

B. The fee established pursuant to subsection A of this section is due and payable to the department by the twenty-fifth day of each month and shall be based on monthly fantasy sports contest adjusted revenue derived during the previous month.

C. The department shall deposit, pursuant to sections 35-146 and 35-147, the fees collected pursuant to this section in the fantasy sports contest fund established by section 5-1212.

D. A licensed fantasy sports contest operator who fails to remit to the department the fees required under this section is liable, in addition to any sanction or penalty imposed under this chapter, for the payment of a penalty of five percent per month up to a maximum of twenty-five percent of the amounts ultimately found to be due, to be recovered by the department. Penalties imposed and collected by the department under this subsection must be deposited in the fantasy sports contest fund established by section 5-1212.END_STATUTE"

Renumber to conform

Page 1, line 25, after the period insert "The fee may not exceed ten percent."

Amend title to conform


 

 

SONNY BORRELLI

 

1459BORRELLI

02/21/2022

01:43 PM

C: lat