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2017 SESSION

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HB 2374 Charitable gaming; prohibited practices.

Introduced by: Barry D. Knight | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Charitable gaming; conduct of raffles. Increases from one to three the number of times per calendar year that a qualified organization qualified as a tax-exempt organization pursuant to § 501(c) of the Internal Revenue Code may conduct a raffle for a prize consisting of a lot improved by a residential dwelling where 100 percent of the moneys received from such a raffle, less deductions for the fair market value for the cost of acquisition of the land and materials, are donated to lawful religious, charitable, community, or educational organizations specifically chartered or organized under the laws of the Commonwealth and qualified as a § 501(c) tax-exempt organization. The bill also provides that no more than one such raffle shall be conducted in any one geographical region of the Commonwealth.


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