Section 21.2. Wagering tax

(a) General. A licensed corporation shall pay daily to the Department a tax upon the total amount wagered together with a tax upon the total amount wagered in each multiple/exotic race during the race day.

(b) Filing tax return and payment of tax. Each licensed corporation shall file a tax return for each race day including previously authorized race days which are cancelled. The tax return together with the required tax and breakage shall be filed with the Department by the due date. The tax return shall be in the format prescribed by the Department and shall be completed in accordance with instructions of the Department.

(c) Due date.

(1) The wagering tax return shall be filed, and tax payment and breakage shall be made by the end of the day following the race day during which the wagers were made.

(2) This subsection shall be subject to § § 21.6 and 21.7 (relating to extension of time for filing tax returns; and timely mailing treated as timely filing and payment).

(d) Rate of tax. The rates of tax which shall be paid to the Department by the licensed corporation with its tax returns shall be computed at the rates set forth in the act for the periods covered by the return. The rates shall apply to total wagers notwithstanding the fact that the licensed corporations shall cease business operations prior to July 1, 1984.

(e) Cancelled race days. A tax return shall be filed for each cancelled race day even though tax is not required to be paid. A tax return, together with the required tax and breakage, shall be filed with the Department for each make-up-race day during which wagers are made.