12Annual rate for hoteliers

#### 12 Annual rate for hoteliers 12 Annual rate for hoteliers > > (1) If the profits from all gaming machines kept in a hotel in a tax year do not exceed $25,000, tax is payable on the profits at the rate of tax rate 1 for the tax year. > > > (2) If the profits from all gaming machines kept in a hotel in a tax year exceed $25,000, but do not exceed $200,000, tax is payable— > > > > > (a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and > > > > > (b) on so much of those profits as exceeds $25,000 at the rate of tax rate 2 for the tax year. > > > (3) If the profits from all gaming machines kept in a hotel in a tax year exceed $200,000, but do not exceed $400,000, tax is payable— > > > > > (a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and > > > > > (b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and > > > > > (c) on so much of those profits as exceeds $200,000 at the rate of tax rate 3 for the tax year. > > > (4) If the profits from all gaming machines kept in a hotel in a tax year exceed $400,000, but do not exceed $1,000,000, tax is payable— > > > > > (a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and > > > > > (b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and > > > > > (c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and > > > > > (d) on so much of those profits as exceeds $400,000 at the rate of tax rate 4 for the tax year. > > > (5) If the profits from all gaming machines kept in a hotel in a tax year exceed $1,000,000, but do not exceed $5,000,000, tax is payable— > > > > > (a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and > > > > > (b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and > > > > > (c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and > > > > > (d) on $600,000 of those profits at the rate of tax rate 4 for the tax year, and > > > > > (e) on so much of those profits as exceeds $1,000,000 at the rate of tax rate 5 for the tax year. > > > (6) If the profits from all gaming machines kept in a hotel in a tax year exceed $5,000,000, tax is payable— > > > > > (a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and > > > > > (b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and > > > > > (c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and > > > > > (d) on $600,000 of those profits at the rate of tax rate 4 for the tax year, and > > > > > (e) on $4,000,000 of those profits at the rate of tax rate 5 for the tax year, and > > > > > (f) on so much of those profits as exceeds $5,000,000 at the rate of tax rate 6 for the tax year. > > Note— > > From the 2010 tax year, tax rates 1 and 2 are nil. Accordingly, no tax is payable on profits of up to $200,000. > > **s 12:** Subst 2003 No 34, Sch 2 \[4\]. Am 2010 No 46, Sch 3 \[1\].