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NC H374
Bill
Status
4/20/2023
Primary Sponsor
Larry Potts
Click for details
AI Summary
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Increases the total appraised value of all real estate prizes a nonprofit organization may offer in raffles during a calendar year from $500,000 to $2,000,000
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Maintains the maximum appraised value for any single raffle at $500,000
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Requires nonprofit organizations offering real property as raffle prizes to provide the property free from all liens, furnish an owner affidavit and indemnity agreement, and provide a title commitment available for inspection upon request
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Becomes effective upon enactment and applies to raffles conducted on or after that date
Legislative Description
Raffles/Increase Real Estate Prize Limit
Appraisals; Charitable Donations; Corporations
Last Action
Ref To Com On Rules and Operations of the Senate
4/20/2023