53ER07-11: Cars & Cash™ Retailer Bonus Cashing Commission
SUMMARY: Effective March 5, 2007 through April 15, 2007, the Florida Lottery will award retailers cashing commissions on each Cars & Cash instant prize redeemed by them.
THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS: Faith L. Schneider, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32399-4011
THE FULL TEXT OF THE EMERGENCY RULE IS:
53ER07-11 Cars & Cash™ Retailer Bonus Cashing Commission.
(1) Effective March 5, 2007 through April 15, 2007, the Florida Lottery will pay retailers a five-percent cashing commission on each Cars & Cash instant $50 Cash Prize Coupon redeemed in their store, including the regular commission set forth in Rule 53ER05-14, F.A.C.
(2) The cashing commission will be reflected on the retailer’s weekly Settlement Report.
(3) A bonus cashing commission will be considered compensation to the retailer for Internal Revenue Service purposes.