§ 21.4. Breakage.

 (a)  General. Licensed corporations which conduct thoroughbred horse racing shall pay to the Department, in addition to wagering taxes, an amount equal to 25% of the breakage retained by the corporation from total wagers each racing day.

 (b)  Payment date. Breakage shall be paid daily to the Department and shall accompany the wagering tax return filed with the Department. This subsection shall be subject to the provisions of § §  21.6 and 21.7 (relating to extension of time for filing tax returns; and timely mailing treated as timely filing and payment).

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