Section 453. Payment of tax

1.  In  the  case  of  gross receipts from
  broadcasting rights, such tax shall  be  paid  to  the  commissioner  of
  taxation  and  finance or to employees or officers of the state athletic
  commission acting as agents of the commissioner of taxation and  finance
  and shall be accompanied by a return in such form as shall be prescribed
  by  the  commissioner of taxation and finance. Payments shall be made on
  or before the last day of the month in which such  gross  receipts  from
  broadcasting   rights   are  received  by  the  individual  corporation,
  association or club holding such match or exhibition. Where the taxpayer
  receives receipts subject to tax during the last five days of  a  month,
  the  required return and payment of tax shall not be due until the fifth
  day of the succeeding month.
    2. In the case of gross receipts from ticket sales, such tax shall  be
  paid  to  the  commissioner  or  to  employees  or officers of the state
  athletic commission acting as agents  of  the  commissioner  within  ten
  business  days after the holding of the match or exhibition and shall be
  accompanied by a return in such form  as  shall  be  prescribed  by  the
  commissioner.
    3.  The  commissioner  of  taxation and finance may grant a reasonable
  extension of time  for  filing  returns  and  payment  of  tax  whenever
  reasonable cause exists.