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2021 SPECIAL SESSION I

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(SB1127)

GOVERNOR'S RECOMMENDATION

 

    1. After line 430, enrolled

      insert

        5. That, notwithstanding the provisions of subdivision 15 of the definition of "organization" in § 18.2-340.16 of the Code of Virginia, as amended by this act, any nonprofit organization that (i) is exempt from income tax pursuant to § 501(c) of the Internal Revenue Code; (ii) raises funds by conducting raffles, bingo, instant bingo, pull tabs, or seal cards; and (iii) was issued a charitable gaming permit between January 1, 2018, and January 1, 2021, may generate more than $40,000 in annual gross receipts from conducting such raffles, bingo, instant bingo, pull tabs, or seal cards until July 1, 2022, provided that such gross receipts, less expenses and prizes, are used exclusively for charitable, educational, religious, or community purposes. Notwithstanding the provisions of subsection B of § 18.2-340.23 of the Code of Virginia, as amended by this act, any such nonprofit organization generating more than $40,000 in annual gross receipts until July 1, 2022, shall not be exempt from the payment of application fees or audit fees.