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IN SB0218
Bill
Status
1/6/2015
Primary Sponsor
Philip Boots
Click for details
AI Summary
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Amends Indiana Code IC 4-32.2-5 to permit qualified organizations to use charity gaming proceeds from separate accounts to pay employee wages, salaries, and wage-related expenses.
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Requires qualified organizations to maintain separate and segregated accounts for funds received from allowable gaming events, with all event expenses paid from that account.
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Specifies that net proceeds from allowable events are calculated by subtracting prizes, licensed supplies, license fees, advertising expenses, and facility rent (capped at $200 per day) from gross receipts.
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Maintains existing requirements for qualified organizations to keep accurate financial records, submit reports to the gaming commission, and comply with independent audit provisions.
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Effective July 1, 2015.
Legislative Description
Charity gaming proceeds. Specifies that a qualified organization under the charity gaming law may use money deposited into its separate charity gaming account to pay wages, salaries, and wage and salary related expenses.
Last Action
First Reading: referred to Committee on Public Policy
1/6/2015