The Bombay BettingTax Act, 1925
The Bombay Betting Tax Act, 1925
The Bombay Betting Tax Act, 1925, is a fiscal statute governing the taxation of betting activities on horse and dog races within the State of Maharashtra. It mandates that a tax be levied on all money wagered through totalisators or with licensed bookmakers at authorized race-courses. The Act places the responsibility on race-course licensees to collect these taxes from backers and remit them to the State Government. It provides the government with powers to inspect betting accounts and recover unpaid taxes as arrears of land revenue. Essentially, this law ensures the state generates revenue from legalized gambling activities while regulating the financial conduct of race-course operators.
- 1. Short title
- 2. Extent
- 3. Operation
- 4. Definitions
- 5. Tax on totalisator and payment thereof
- 6. Totalisator tax to be paid to Government
- 7. Inspection of totalisator accounts
- 8. Betting Tax
- 9. List of licensed bookmakers
- 10. Method of recovery of totalisator tax
- 11. Rules
- 12. Amendment of section 3 of Bom. I of
PDF: pending for this language.