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CA SB1044

Bill

Status

Passed

7/15/2024

Primary Sponsor

Kelly Seyarto

Click for details

Origin

Senate

2023-2024 Session

AI Summary

  • Increases the monthly limit on bingo overhead costs from $2,000 to $3,000 per month, effective January 1, 2025.

  • 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.

  • Overhead costs include rental of property, purchase of bingo equipment, administrative expenses, security equipment, and security personnel.

  • 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