53ER08-41: Summer Cash™ Retailer Bonus Cashing Commission.
SUMMARY: Effective June 30, 2008 through August 26, 2008, the Florida Lottery will award retailers cashing commissions on each Summer 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:
53ER08-41 Summer Cash™ Retailer Bonus Cashing Commission.
(1) Effective June 30, 2008 through August 26, 2008, the Florida Lottery will pay retailers a five-percent (5%) cashing commission on each Summer Cash™ instant $25 Cash Prize Coupon redeemed in their store, including the regular commission set forth in Rule 53ER05-14, Florida Administrative Code.
(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.
Specific Authority 24.105(9)(i), 24.109(1), 24.112(1) FS. Law Implemented 24.105(9)(i), 24.112(1) FS. History–New 6-27-08.