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Florida Administrative Code (Last Updated: November 11, 2024) |
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53. Department of the Lottery |
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D53. Departmental |
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53ER15. Emergency Rule For Year 2015 |
1(1) The Florida Lottery is supplementing the amount of cash allotted for sales taxes and tag and title fees on the 2016 Kia Sorento EX Grand Prize in Rule 53ER15-49, F.A.C., 32FANTASY 534® 35College Football Promotion 38to reflect a change in the estimate. The subsections set forth below revise the affected provisions of Rule 53ER15-49, 57F.A.C58.
59(2) Subparagraphs (4)(b)1., (5)(b)1., (6)(b)1., (7)(b)1., and (8)(b)1., are each revised in their entirety to read:
75“Grand Prize: One (1) new 2016 Kia Sorento EX and $4,000 in cash. The retail value of the prize, including the cash is $40,995. The Florida Lottery will pay applicable federal income tax withholding on the retail value of the grand prize. The reportable taxable value of the grand prize includes the retail value of the prize and the value of the federal income tax withholding paid by the Florida Lottery. The estimated reportable taxable value of the grand prize for a U.S. citizen is $54,660. The winner will be responsible for sales taxes and tag and title fees on the Kia Sorento which are estimated to be $4,000. Any additional federal, state and/or local taxes or other fees are also the responsibility of the winner.”
205(3) The first sentence in sub-subparagraph (11)(b)1.a., is revised to read:
216“217Upon the Florida Lottery’s receipt of a grand prize winner’s required documentation, 229the Florida Lottery will award a prize of a new 2016 Kia Sorento EX and $ 4,000 in cash.”
249(4) Sub-sub paragraph (11)(b)1.e., is revised to read:
257“A cash option is not available in lieu of the vehicle. However, the Florida Lottery reserves the r275ight to award a cash prize of $28336,995 in lieu of a vehicle if, for reasons beyond the control of the Lottery, a vehicle is not available for award to a player. In such case, the winner will also receive the $4,000 cash portion of the grand prize. Federal income tax withholding will be deducted from the cash prize awarded under this provision. Any additional federal, state and/or local taxes or other fees are the responsibility of the winner.”
357(5) Except as provided above, all other provisions of Emergency Rule 53ER15-49, 369F.A.C. 370shall remain in effect.
374Rulemaking Authority 37624.105(9), 37724.109(1) FS. 379Law Implemented 38124.105(9), 38224.115(1) FS. 384History385–386New 12-23-15.
