Amendment status not verified — confirm the current text below against the official source.
(1) There shall be charged, levied and paid to the State Government out of all monies paid or agreed to be paid by a licensed book-maker to a backer in consequence of the winning by the backer of a bet made in an enclosure of any race, a tax on backers, hereinafter referred to as the betting tax, amounting to twenty percent of all such monies. Tax on totalisa- tors and payment thereof. Procedure for mak- ing over totalisator tax to Go- vernment. Accounts of totalisa- tor tax. Betting tax 11 (2) The betting tax shall be deducted or collected by the licensed bookmaker from such monies at the time when the money is paid to the backer, or in the case of credit bets at such time as may be prescribed, and shall be deemed to have been paid by the backer on account of the tax, and shall be retained by the licensed book-maker on behalf of the State Government.