The National Indian Gaming Commission has announced its annual fee rates for gaming operations. For tier 1, the fee rate is set at 0.00%, while tier 2 has a rate of 0.062% of assessable gross revenues, and a reduced rate of 0.031% applies to Class II revenues if the tribe has self-regulation certification. These rates will be effective from November 23, 2020, until changed. Additionally, the Commission has increased the fingerprint processing fee from $22 to $45 per card as of November 13, 2020, to cover updated equipment and compliance costs.
Simple Explanation
The National Indian Gaming Commission sets rules about how much money they should collect from gaming places. They said they will keep collecting the same amounts as before, starting November 2020. They also decided to charge more money to check people's fingerprints because they need better tools and systems.