Download Bingo Lessor`s Quarterly Report

LESSOR
Charitable Bingo Operations Division
Bingo Lessor's Quarterly Report
License Numbe
Taxpayer Number
Location Name and Address
FORMID 70
Quarter
Filing Period
Due Date
Lessor Name and Mailing Address
Mail to:
TEXAS LOTTERY COMMISSION
CHARITABLE BINGO DIVISION
P. O. BOX 16630
Austin, Texas 78761- 6630
1a.Lump sum rent income prior to 9/1/2015 (whole dollars only)
1a.
1b.Lump sum rent income on or after 9/1/2015 (whole dollars only)
1b.
1. Total lump sum rent income (1a + 1b)
1.
2. Tax rate (3%) (multiply Item 1a by .03) (dollars and cents)
2.
3. Late filing penalty
3.
4. Late filing interest
4.
5. Total amount due (Item 2 + Item 3 + Item 4)
5.
6. Property taxes, utility expenses and insurance premiums collected from organizations (whole dollars only)
6.
7. Property taxes, utility expenses and insurance premiums paid by lessor (whole dollars only)
7.
I declare that the information in this document is true and correct to the best of my knowledge and belief.
Signature
Print Name
Phone Number
Date
This form may be filed online using the Bingo Service Portal at: http://bsc.txbingo.org.
WHO MUST FILE: Every lessor licensed to lease Bingo premises in Texas must file a Bingo Lessor's Quarterly Report. Licensed organization reporting rent income must complete
and attach Rental Receipts Detail FORMID 100.
Reports must be filed for every period even if no rental income was received.
You must file a report even if no tax is due. Failure to timely file this report may result in an administrative penalty up to $300.
WHEN TO FILE: Reports must be filed on or before the twenty-fifth day of the month following each calendar quarter.
GENERAL INFORMATION:
• If filing a "zero report" enter "zeros" in all applicable fields.
• Report is filed in the "cash" accounting method.
• If the lessor is late in paying rental tax three times within four consecutive quarters and a final jeopardy determination has been made by the Commission for three of the four
consecutive quarters, the Charitable Bingo Operations Division will take administrative action against the license in accordance with the Charitable Bingo Administrative Rule 402.600 (k).
SPECIFIC INSTRUCTIONS FOR LINE ITEMS:
• Item 1a - Lump sum rent income received for occasions conducted prior to 9/1/2015. Enter the amount of lump sum rent income that was for occastions conducted prior to 9/1/2015.
• Item 1b - Lump sum rent income received for occasions conducted on or after 9/1/2015. Enter the amount of lump sum rent income that was for occastions conducted on or
after 9/1/2015.
• Item 1 - Total lump sum rent income received. Enter the total amount of rental income received that was paid in a lump sum by the organization(s). This amount should equal
the total of 1a and 1b.
• Item 2 - Multiply .03 by the amount of Item 1a (lump sum rent income received for occasions conducted prior to 9/1/2015).
• Item 3 - Late filing penalty; if the return is filed or the tax is paid after the due date, calculate the penalty due. The penalty is 5% of Item 2, if the report is filed or the tax is paid
1-30 days late and 10% if more than 30 days late. An additional 10% jeopardy determination penalty could be assessed on the unpaid rental taxes.
• Item 4 - Late filing interest; beginning 60 days after the due date, interest will begin to accrue on the unpaid balance until the balance is paid. Because the interest rate is variable,
please contact the Accounting Department at 1-800-BINGO-77 (1-800-246-4677), to obtain the current interest rate or assistance in calculating the amount of interest due.
• Item 5 - TOTAL AMOUNT DUE. Enter the sum of Item 2 + Item 3 + Item 4. Make this amount payable to the STATE COMPTROLLER. Do not staple your check to this report.
• Item 6 - Enter the amount of property taxes, utility expenses and insurance premiums collected from organizations separately from the lump sum rent.
• Item 7 - Enter the amount of property taxes, utility expenses and insurance premiums paid by the lessor for the licensed premises.
TLC Pub #14923 (Rev. 9/16)