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1998 SESSION

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HB 996 Charitable gaming; audit fee and financial reporting.

Introduced by: Robert S. Bloxom | all patrons    ...    notes | add to my profiles

SUMMARY:

Charitable gaming; exemptions from audit fee and financial reporting. Provides that beginning July 1, 1998, organizations which expect to realize annual gross receipts between $25,000 and $75,000 shall pay a one percent audit and administration fee instead of the one and one-quarter percent fee. The bill also clarifies that organizations grossing less than $25,000 annually are exempt from obtaining a permit, paying the audit and administration fee, and filing financial reports. The bill also contains a technical amendment.


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