Cars & Cash™ Retailer Bonus Cashing Commission

DEPARTMENT OF THE LOTTERY

RULE NO: RULE TITLE
53ER07-11: Cars & Cash™ Retailer Bonus Cashing Commission
SUMMARY: Effective March 5, 2007 through April 15, 2007, the Florida Lottery will award retailers cashing commissions on each Cars & Cash instant prize redeemed by them.
THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS: Faith L. Schneider, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32399-4011

THE FULL TEXT OF THE EMERGENCY RULE IS:

53ER07-11 Cars & Cash™ Retailer Bonus Cashing Commission.

(1) Effective March 5, 2007 through April 15, 2007, the Florida Lottery will pay retailers a five-percent cashing commission on each Cars & Cash instant $50 Cash Prize Coupon redeemed in their store, including the regular commission set forth in Rule 53ER05-14, F.A.C.

(2) The cashing commission will be reflected on the retailer’s weekly Settlement Report.

(3) A bonus cashing commission will be considered compensation to the retailer for Internal Revenue Service purposes.

Specific Authority 24.105(9)(i), 24.109(1), 24.112(1) FS. Law Implemented 24.105(9)(i), 24.112(1) FS. History–New 3-2-07.

THIS RULE TAKES EFFECT UPON BEING FILED WITH THE DEPARTMENT OF STATE UNLESS A LATER TIME AND DATE IS SPECIFIED IN THE RULE.
EFFECTIVE DATE: March 2, 2007