Pro Football POWERBALL® Promotion Addendum  

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    DEPARTMENT OF THE LOTTERY

    RULE NO.:RULE TITLE:

    53ER14-53Pro Football POWERBALL® Promotion Addendum

    SUMMARY: This emergency rule addresses the taxes for the Suite Experience Prize in each team experience described in Emergency Rule 53ER14-52, F.A.C.

    THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS: Diane D. Schmidt, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32301

     

    THE FULL TEXT OF THE EMERGENCY RULE IS:

     

    53ER14-53 Pro Football POWERBALL® Promotion Addendum.

    (1) The following provisions set forth in this rule address the taxes for the Suite Experience Prize in each team experience described in Emergency Rule 53ER14-52, F.A.C.

    (2) Suite Experience Prize Taxes. The Florida Lottery will pay applicable Federal income tax withholding on the value of the Suite Experience Prize in each team experience. The reportable taxable value of a Suite Experience Prize is the value of the prize plus the value of the Federal income tax withholding paid by the Lottery.

    (a) Jacksonville Jaguars. The reportable taxable value of the Suite Experience prize for a U.S. resident is $6,666.67 ($5,000.00 prize value plus $1,666.67 Federal income tax withholding).

    (b) Miami Dolphins. The reportable taxable value of the Suite Experience prize for a U.S. resident is $11,333.33 ($8,500.00 prize value plus $2,833.33 Federal income tax withholding).

    (c) Tampa Bay Buccaneers. The reportable taxable value of the Suite Experience prize for a U.S. resident is $14,000.00 ($10,500.00 prize value plus $3,500.00 Federal income tax withholding).

    Rulemaking Authority 24.105(9), 24.109(1) FS. Law Implemented 24.105(9), 24.115(1) FS. History–New 9-17-14.

     

    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: September 17, 2014

Document Information

Effective Date:
9/17/2014
Summary:
This emergency rule addresses the taxes for the Suite Experience Prize in each team experience described in Emergency Rule 53ER14-52, F.A.C.
Contact:
Diane D. Schmidt, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32301.
Related Rules: (1)
53ER14-53. Pro Football POWERBALL® Promotion Addendum