§ 21.5. Unclaimed award money.
(a) General. Winning parimutuel tickets shall be presented for payment to the licensed corporation by March 31 of the year following the calendar year of purchase. The failure to present a winning ticket by that date constitutes a waiver of the right to receive the award money. The licensed corporation is required to remit to the Department unclaimed award money.
(b) Filing of return and payment. The licensed corporation shall file an unclaimed award money return together with the unclaimed award money by the due date. The return shall be in the format prescribed by the Department and shall be completed in accordance with instructions of the Department.
(c) Due date.
(1) The unclaimed award money return shall be filed and all unclaimed award money shall be paid by April 10 of each year.
(2) This subsection shall be subject to § § 21.6 and 21.7 (relating to extension of time for filing tax returns; and timely mailing treated as timely filing and payment).
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