406 - State admission tax.

§  406.  State  admission  tax.  1.  Every corporation, association or  person holding a quarter 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 commissioner 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 quarter 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.