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MN HF4246
Bill
Status
Introduced
3/26/2018
Primary Sponsor
Joe McDonald
Click for details
AI Summary
- Lowers the minimum annual expenditure requirement for lawful gambling organizations from 30 percent to 20 percent of gross profits on lawful purposes
- Maintains separate 20 percent minimum for organizations that conduct lawful gambling in locations where the primary business is bingo
- Organizations failing to meet the 20 percent minimum are automatically placed on probation for one year effective July 1, with possibility of license suspension or civil penalty up to $10,000 if minimum is not met after probation period
- Requires the board to consider unique factors or extraordinary circumstances when determining sanctions, including capital asset purchases, construction impacts, and natural disasters
- Establishes five-tier rating system based on percentage of gross profits expended on lawful purposes, ranging from one-star (less than 20 percent) to five-star (50 percent or more)
Legislative Description
Percentage of gross profits that an organization licensed to conduct lawful gambling must expend on lawful purposes lowered.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
3/26/2018
Committee Referrals
Commerce and Regulatory Reform3/26/2018
Full Bill Text
No bill text available