§ 26-51-1309 - Gaming winnings tax levied on winnings paid by electronic games of skill. - Arkansas Statutes

26-51-1309. Gaming winnings tax levied on winnings paid by electronic games of skill.

(a) There is levied, assessed, and collected a gaming winnings tax of three percent (3%) on any single payment of winnings from electronic games of skill of one thousand two hundred dollars ($1,200) or more paid on a single electronic game of skill wager.

(b) The holder of a franchise to conduct electronic games of skill shall:

(1) Deduct and withhold the tax from winnings from electronic games of skill upon which the tax is levied by subsection (a) of this section; and

(2) Remit the tax to the Director of the Department of Finance and Administration as provided in 26-51-1310 and as prescribed by rules promulgated by the director.