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MN HF2418
Bill
Status
2/22/2012
Primary Sponsor
John Kriesel
Click for details
AI Summary
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Allows licensed gambling organizations to contribute net profits to 501(c)(19) organizations (veterans organizations exempt from federal income tax under Internal Revenue Code section 501(c)(19))
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Defines 501(c)(19) organizations as those exempt from federal income taxes under Internal Revenue Code section 501(c)(19)
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Restricts 501(c)(19) organization use of contributions to lawful purposes under gambling law or the organization's primary mission, excluding building expansions and bar-related expenditures
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Requires that the 501(c)(19) recipient organization must not have an organization license under gambling law, must not be affiliated with the contributing organization, and must not use permitted premises for gambling
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Amends Minnesota Statutes 2010, section 349.12 by adding subdivision 15b and modifying subdivision 25
Legislative Description
Lawful gambling net profits contribution to 501(c)(19) organizations allowed by licensed organizations.
Last Action
Authors stricken Howes and Zellers
4/24/2012