P.L. 2011, c. 19, effective February 1, 2011, changed the manner in which the casino industry is regulated.
Pursuant to this law, the Division of Taxation will now administer and collect several taxes that had previously been administered and collected by the New Jersey Casino Control Commission. These taxes include: the gross revenue tax, the casino hotel room fee, and the multi-casino progressive slot machine revenue tax.
The gross revenue tax is an 8% tax on the gross revenues of a casino licensee as defined by Section 24 of P.L. 2011, c.19. N.J.S.A. 5:12-144. The casino hotel room fee is a $3 per day fee on each hotel room in a casino hotel facility that is occupied by a guest. N.J.S.A. 5:12-145.8. The multi-casino progressive slot machine revenue tax is an 8% tax on the casino service industry multi-casino progressive slot machine revenue. N.J.S.A. 5:12-148.2.
Taxpayers that were required to file and remit tax returns under the prior version of the Casino Control Act must now file tax returns and make payment to the Division of Taxation. This new requirement is applicable to returns for the above listed taxes that are due after April 30, 2011.
Additional filing and payment information will be provided directly to the casino licensees and the other affected taxpayers. Questions regarding these taxes may be directed to the Division’s Regulatory Services Branch at 609-292-5995.