New York State Pari-Mutuel Betting Tax Return
The New York State Parimutuel Betting Tax Return (Form OTB-2) is a form used by operators of Off-Track Betting facilities to report and pay taxes on wagers accepted at their facilities. The form is required to be filed quarterly for the preceding three-month period. The tax rate is 25% of the amount of wagers accepted. The form requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4. The New York State Parimutuel Betting Tax Return also includes a separate worksheet for reporting taxes on the gross proceeds from on-track simulcast wagering. This worksheet requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4. Finally, the New York State Parimutuel Betting Tax Return includes an additional worksheet for reporting taxes on the gross proceeds from off-track simulcast wagering. This worksheet requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4.
The New York State Parimutuel Betting Tax Return (Form OTB-2) is a form used by operators of Off-Track Betting facilities to report and pay taxes on wagers accepted at their facilities. The form is required to be filed quarterly for the preceding three-month period. The tax rate is 25% of the amount of wagers accepted. The form requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4. The New York State Parimutuel Betting Tax Return also includes a separate worksheet for reporting taxes on the gross proceeds from on-track simulcast wagering. This worksheet requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4. Finally, the New York State Parimutuel Betting Tax Return includes an additional worksheet for reporting taxes on the gross proceeds from off-track simulcast wagering. This worksheet requires the reporting of the total amount of wagers accepted, the total tax due, and the total amount of winnings paid out. Additionally, the form requires information on the types of wagers accepted, such as win, place, show, exact, Guinea, trifecta, perfecta, and pick 4.