<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 36.09.04.05" title_num="36" subtitle_num="09" chapter_num="04" heading="Proceeds; Tax.">
  <paragraph num="A.">
    <text>An operator shall retain 85 percent of its fantasy competition proceeds and pay the remaining 15 percent to the Commission.</text>
  </paragraph>
  <paragraph num="B.">
    <text>A fantasy competition operator shall submit its 15 percent share of proceeds and tax return to the Commission quarterly:</text>
    <paragraph num="(1)">
      <text>No later than the 15th day of the month that follow the end of each quarter;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>For the tax return, by email as designated by the Commission; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>For the tax, by wire transfer.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>If an operator fails to submit its quarterly tax and a properly completed tax return to the Commission by the end of the month following the end of a quarter, the Commission may suspend the operator’s registration.</text>
  </paragraph>
  <paragraph num="D.">
    <text>If the Commission suspends an operator’s registration under §C of this regulation, the Commission may lift the suspension after the operator submits the tax return and the tax payment.</text>
  </paragraph>
</regulation>