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MN HF3004
Bill
Status
3/20/2023
Primary Sponsor
Shane Hudella
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AI Summary
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Adds a new allowable expenditure for licensed veterans organizations to pay rent for space used to conduct administrative business, up to 20 percent of gross profits.
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Renumbers existing clauses in the lawful purpose definition, with the veterans organization rent provision becoming clause (26) and the 501(c)(19) organization contribution provision becoming clause (27).
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Applies to licensed veterans organizations operating under a national charter recognized under section 501(c)(19) of the Internal Revenue Code.
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Permits rent payments only for administrative business purposes and caps the expenditure at 20 percent of the organization's gross profits.
Legislative Description
Rent paid for business purposes included in allowable lawful purposes expenditures for licensed veterans organization.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
3/20/2023