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CA SB1044
Bill
AI Summary
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Increases the monthly limit on bingo overhead costs from $2,000 to $3,000 per month, effective January 1, 2025.
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The $3,000 monthly limit will be increased annually by the annual average percentage change in the California Consumer Price Index for All Urban Consumers.
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Overhead costs include rental of property, purchase of bingo equipment, administrative expenses, security equipment, and security personnel.
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The overhead cost limit remains subject to the lower of either 20% of proceeds before prize deductions or the monthly dollar amount (now $3,000 indexed annually).
Legislative Description
Bingo: overhead costs.
Last Action
Chaptered by Secretary of State. Chapter 128, Statutes of 2024.
7/15/2024
Committee Referrals
Appropriations6/5/2024
Governmental Organization5/6/2024
Appropriations4/9/2024
Governmental Organization2/14/2024
Rules2/7/2024
Full Bill Text
No bill text available