Section 1370.340  Payment of Taxes

Pursuant to Section 13 of the Act, a tax of 10% of the first $500,000 of total gross receipts from the sale of admission tickets to an athletic event shall be paid by the promoter to the Department to be placed in the general revenue fund.  The tax is to be paid on the day of the athletic event. To facilitate assessment of the tax, the following procedures shall be followed:

a)         Tickets shall be printed in such form as the Department shall prescribe.

b)         A sworn inventory of all tickets printed for any show shall be mailed to the Department by the promoter at least 7 days before the show.

c)         The total number of tickets printed shall not exceed the total seating capacity of the premises where the event is to be held.

d)         No tickets of admission to any athletic event shall be sold except tickets declared on an official ticket inventory.  Tax shall be collected on all tickets unaccounted for immediately after the event.

e)         No ticket holder shall pass through the gate without having the ticket separated from the stub.  However, members of the news media assigned to work by their regular employers, policemen and firemen in uniform and on duty, and persons of similar vocation are admitted free and are not liable for any tax on admission.

f)          All cases where it is determined that a promoter has made an incorrect statement of gate receipts, has used tickets not appearing on the inventory, or by any subterfuge purports to reduce the amount of tax due under the law will result in revocation of license and/or forfeiture of bond.

(Source:  Amended at 25 Ill. Reg. 4229, effective March 13, 2001)