(1) Except as otherwise provided in Section 75-76-187, there is hereby imposed and levied on each licensee who conducts a gaming operation a fee based on the value of any collectible credit instrument received as a result of that gaming operation which is held by the licensee or any affiliate of the licensee and remains unpaid on the last tax day.
(2) The fee must be:(a) Calculated by using the rates and monetary limits set forth in Section 75-76-177; and(b) Collected by the State Tax Commission and refunded pursuant to the regulations adopted by the State Tax Commission.
(a) Calculated by using the rates and monetary limits set forth in Section 75-76-177; and
(b) Collected by the State Tax Commission and refunded pursuant to the regulations adopted by the State Tax Commission.