(1) There shall be charged, levied and paid to the State Government out of all monies paid or agreed to be paid by a licensed book-maker to a backer in consequence of the winning by the backer of a bet made in an enclosure of any race, a tax on backers, hereinafter referred to as the betting tax, amounting to twenty percent of all such monies.
Tax on tota l i sators and payment thereof.
Procedure for making over totalisator tax to Government.
Accounts of totalisator tax.
Betting tax 11
(2) The betting tax shall be deducted or collected by the licensed bookmaker from such monies at the time when the money is paid to the backer, or in the case of credit bets at such time as may be prescribed, and shall be deemed to have been paid by the backer on account of the tax, and shall be retained by the licensed book-maker on behalf of the State Government.
23. All sums retained on account of the betting tax shall be made over by the licensed bookmaker, by whom they have been retained, to the e prescribed officer at such times and in such manner as may be prescribed.