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OH HB455
Bill
Status
2/22/2010
Primary Sponsor
John Domenick
Click for details
AI Summary
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Permits charitable organizations to purchase, lease, and use instant bingo ticket dispensers, which are explicitly excluded from the definition of slot machines.
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Removes the two-year continuous existence requirement for veteran's organizations and the five-year requirement for fraternal organizations, allowing newly formed organizations to conduct bingo activities.
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Increases from four to twelve times per year the number of occasions a veteran's or fraternal organization may lease premises to charitable organizations for gaming festivals.
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Allows charitable organizations to deduct reasonable property taxes and assessments on bingo premises from gross profit as a qualifying expense.
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Increases the instant bingo net profit threshold for veteran's, fraternal, and sporting organizations from $150,000 to $300,000, with adjustments for inflation, affecting how profits must be distributed between charitable purposes and organizational expenses.
Legislative Description
To authorize a charitable organization to purchase, lease, and use instant bingo ticket dispensers, to specify that these dispensers are not slot machines, to modify the definitions of veteran's and fraternal organizations, to increase the number of times in a preceding year a veteran's or fraternal organization may lease premises to charitable organizations for festivals at which games of chance are conducted, to allow a charitable organization to spend a reasonable amount of its gross profit to pay property taxes and assessments on the premises where the organization conducts bingo, and to adjust the threshold amount governing the distribution of instant bingo net profit by a veteran's, fraternal, or sporting organization.
Bingo laws-revisions
Last Action
To State Government
2/22/2010