Pennsylvania § 331 - Fantasy contest tax.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 331 — Fantasy contest tax., with citation guidance and answers to common questions.
§ 331. Fantasy contest tax.
(a) Imposition.--Each licensed operator shall report to the department and pay from its monthly fantasy contest adjusted revenues, on a form and in the manner prescribed by the department, a tax of 15% of its monthly fantasy contest adjusted revenues.
(b) Deposits and distributions.--
(1) The tax imposed under subsection (a) shall be payable to the department on a monthly basis and shall be based upon monthly fantasy contest adjusted revenue derived during the previous month.
(2) All funds owed to the Commonwealth under this section shall be held in trust for the Commonwealth by the licensed operator until the funds are paid to the department.
(3) The tax imposed and collected by the department under subsection (a) shall be deposited into the General Fund.
(c) Penalty.--
(1) A licensed operator who fails to timely remit to the department the tax imposed under this section shall be liable, in addition to any sanction or penalty imposed under this chapter, for the payment of a penalty of 5% per month up to a maximum of 25% of the amounts ultimately found to be due, to be recovered by the department.
(2) Penalties imposed and collected by the department or the board under this subsection shall be deposited into the General Fund.
Cross References. Section 331 is referred to in sections 324, 325, 326, 333, 334 of this title.
Frequently Asked Questions About Pennsylvania § 331
What does Pennsylvania Consolidated Statutes § 331 cover?
Section 331 ("Fantasy contest tax.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 331?
A common citation format is "Pennsylvania Consolidated Statutes § 331" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 331 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.