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2015 SESSION

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SB 870 Charitable gaming; limits audit and administration fee, adjusted gross receipts.

Introduced by: John A. Cosgrove | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Agriculture and Consumer Services; charitable gaming; audit and administration fee; adjusted gross receipts. Limits the audit and administration fee to no more than one and one-quarter percent of the adjusted gross receipts of a charitable organization defined as the total amount of money received by the organization from charitable gaming before the deduction of expenses and excluding prizes paid out. Under current law, the fee is limited to one and one-quarter percent of the gross receipts, which include prizes.


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