Quote:
Originally Posted by spacegod
Ok. All online commerce in my state requires you to pay a $30 million license fee to my state. Residents of my state cannot engage in commerce with unlicensed businesses.
Concerning the licensing fee, here is what the bill
actually states:
"19990.58. (a) Any entity licensed to operate an intrastate
Internet gambling Web site shall remit to the Treasurer for deposit
in the General Fund a nonrefundable license fee in the amount of
thirty million dollars ($30,000,000).
This amount shall be credited
against fees imposed pursuant to subdivision (b) on the licensee’s
gross gaming revenue proceeds for the first three years of operation.
Upon depletion of the license fee, the department shall notify the
licensee to commence monthly payments to the state in accordance
with subdivision (b).
(b) A licensee shall remit to the Treasurer on a monthly basis
for deposit in the General Fund, an amount
equal to 10 percent of
its gross revenues."
Not sure what your point is.