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Legal questions on actual Arcade Cabinets not Mame.. lol
JDFan:
Here's a quick breakdown of the Annual Fees in TEXAS :
--- Quote ---Coin-Operated Machines Tax :
A tax is imposed on any person engaged in any business dealing with coin-operated amusement machines OR engaged in business to own or operate coin-operated amusement machines exclusively on premises occupied by and in connection with the business.
Rate Details and Other Information
Rates
Registration certificate: $150; occupation tax permit: $60; general business license: $200 for 50 or fewer machines, $400 for 51-200 machines, $500 for 201 or more machines; import license: $500; repair license: $50. [Note: Machine owners can repair their own machines without obtaining a repair license.]
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--- Quote ---What is a Registration Certificate?
A registration certificate is a certificate that can be obtained by a person who owns and operates amusement machines only in his or her own place of business; owns no machine subject to the occupation tax imposed by this chapter located on the business premises of another person; and has no financial interest, direct or indirect, in the coin-operated music, skill, or pleasure machines industry, except for the interest he owns in his machines. The annual fee is $150.
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So Since you are planning to only use them on the premises of your own business I believe you would qualify to use a Registration certificate instead of a general business license so would not need to pay that $200 annaul fee and can repair your own machines thus avoiding the $50 Repair license. So the TEXAS permit fee would be about $210 for a single machine and an additional $60 per machine up to 50 machines per year !! (Not including any TAX Liability on any proceeds the machines pull in that would need to be reported as income.)
paigeoliver:
The business doesn't belong to the original poster so he would indeed need the $200 license. So $410, plus any local fees and taxes as well. If you don't have insurance and anyone decides to sue you over the thing then they will own you and your children.
JDFan:
--- Quote from: paigeoliver on September 01, 2013, 01:54:03 pm ---The business doesn't belong to the original poster so he would indeed need the $200 license. So $410, plus any local fees and taxes as well. If you don't have insurance and anyone decides to sue you over the thing then they will own you and your children.
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You're right -- I was thinking he had said the business owner was putting them there not that he was going to place them there as a business for himself ! and as you mention that is not including any repair\maintenance\liability or running costs for the electricity etc. so it would take quite a few quarters before seeing any profit and all it would take is one person to hit the glass or tip a machine over to quickly make it a losing proposition.