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Florida Administrative Code (Last Updated: October 28, 2024) |
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53. Department of the Lottery |
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D53. Departmental |
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53ER14. Emergency Rule For Year 2014 |
1(1) 2The following provisions set forth in this rule add11ress 12the taxes for the Suite Experience Prize 19in 20each team 22e23xperience 24described in 26Emergency 27Rule 53ER14-52, F.A.C.
30(2) 31Suite Experience 33P34rize 35Taxes. 36The Florida Lottery will pay applicable Federal income tax withholding on the value of the Suite Experience Prize 54in each 56t57eam 58e59xperience60. 61The reportable taxable value of 66a 67Suite Experience Prize is the value of the prize plus the value of the 81F82ederal income tax w86ithholding paid by the Lottery.
91(a) Jacksonville Jaguars. 94The reportable taxable value of the Suite Experience prize for a U.S. resident is $6,666.67 110($5,000112.00 113prize value plus 116$1,666.67 Federal income tax withholding)122.
123(b) Miami Dolphins. 126The reportable taxable value of the Suite Experience prize for a U.S. resident is $11,333.33 142($8,500144.00 145prize value plus 148$2,833.33 Federal income tax withholding)154.
155(c) Tampa Bay Buccaneers. 159The reportable taxable value of the Suite Experience prize for a U.S. resident is $14,000.00 175($10,500.00 prize value plus $3,500.00 Federal income tax withholding)186.
187Rulemaking Authority 18924.105190(9191), 19224.109(1) FS. 194Law Implemented 19624.105(9), 19724.115(1) FS. 199History200–201New 2029-17203-14.
