Section 99-01.3-10-02 - RecordkeepingRecords must include and be retained for three years from the end of the quarter in which the activity was reported:
1. For each calcutta: a. A calcutta board with the state gaming stamp affixed indicating the winning competitor and player;b. The starting and ending cash on hand and IOU records according to section 99-01.3-03-06;c. Prize register according to section 99-01.3-03-07 and record of win according to section 99-01.3-03-08;d. Cash profit as defined in subdivision l of subsection 9 of section 99-01.3-02-01; ande. A summary of gross proceeds, prizes, adjusted gross proceeds, cash profit, cash long or short, and bank deposit. The summaries of all calcuttas conducted for a quarter must reconcile to the tax return.2. Inventory records according to subsection 1 of section 99-01.3-03-09.3. Ideal cash bank master records according to subsection 4 of section 99-01.3-03-09.4. Verification of the amount deposited according to a bank statement, and an audit of the game's activity according to subsections 6 and 7 of section 99-01.3-03-10.5. The count and reconciliation of calcutta boards and cash banks according to subsections 1, 4, and 6 of section 99-01.3-03-09.N.D. Admin Code 99-01.3-10-02
Effective May 1, 1998; amended effective July 1, 2000; July 1, 2002; July 1, 2004; October 1, 2006; July 1, 2010.Amended by Administrative Rules Supplement 2016-360, April 2016, effective 4/1/2016.Amended by Administrative Rules Supplement 369, July 2018, effective 7/1/2018.Amended by Administrative Rules Supplement 2022-387, January 2023, effective 1/1/2023.General Authority: NDCC 53-06.1-01.1
Law Implemented: NDCC 53-06.1-01.1