Feb 21, 2024  
DMACC Policies and Procedures 
    
DMACC Policies and Procedures
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BS5792 - Sales Tax Receipts


Procedure

Section: BUSINESS SERVICES PROCEDURES

SubSection: BUSINESS OFFICE

Master List Section: Business Service

  1. Institutional Regulations

    Receipts subject to state sales tax must be separately identified so sales tax may be computed and paid.
     
  2. Procedure
    1. Coding of Sales Tax Receipts:
      1. Gross revenues from games of skill, chance, raffles and other taxable sources must be identified by the Business Office and receipted to account code 4610.
      2. Gate receipts must be receipted to object code 4600.
    2. Sales Tax Report:
      1. The Business Office will prepare the sales tax report , based on gross receipts shown credited to account codes 4600 or 4610.
      2. The completed report is to be submitted to the state.


Adopted: July 1, 2000



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