Looking for a New York State Tax Forms And Templates? Download it for free!

Form Au-212.1 - Schedule I - New York State Pari-Mutuel Betting Tax Return - Pari-Mutuel Betting Distribution Page 2

AU-212.1 (8/04) (back)

Instructions

Line instructions

Total handle — Enter total handle and breakage by type of bet for

Add together the amount due entries in the Total column for Special

the reported period in respective columns, extending sums to Total

events and Net track to determine the state pari-mutuel tax and

column.

state share of breakage.

Off-track betting — Enter handle input form each off-track region

New York State pari-mutuel tax — The amount shown as total

and breakage allocation in respective columns, extending sums to

pari-mutuel tax must be included in the amounts entered on Line 2

Total column.

of Form AU-212, Pari-mutuel Betting Tax Return.

Inter-track wagering — Enter handle input from other tracks and

New York State share of breakage — The amount shown as total

breakage allocation in respective columns, extending sums to Total

breakage must be included in the amounts entered on Line 3 of

column.

Form AU-212 .

On-track totals — Subtract amounts on Off-track betting and

Inter-track wagering lines from Total handle line.

Tax computations

Special events — Multiply the respective handle and breakage

entries by the applicable tax rates. Add the results of each column

together and enter in the Total column.

Net track — Subtract the handle and breakage entries on the

Special events line from the On-track totals line and enter on the

Net track line. Multiply the respective handle and breakage entries

by the applicable tax rates and add the results of each column

together and enter in the Total column.

Form Au-212.1 - Schedule I - New York State Pari-Mutuel Betting Tax Return - Pari-Mutuel Betting Distribution Page 2