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OH HB250
Bill
Status
Introduced
5/21/2019
Primary Sponsor
Bill Reineke
Click for details
AI Summary
- Amends section 2915.101 of the Revised Code to modify charitable distribution requirements for instant bingo conducted by veteran's, fraternal, or sporting organizations
- Increases the threshold at which distributions to charity are not required from an unspecified amount to the first $100,000 of net profit
- Reduces the required charity distribution percentage from 25% to 10% for net profits between $100,000 and $250,000 (or adjusted amount per attorney general)
- Increases the amount organizations can retain for expenses from 75% to 90% for the $100,000-$250,000 profit tier
- Maintains existing distribution requirements for profits exceeding $250,000 and for non-veteran/fraternal/sporting charitable organizations, which must distribute 100% of net profits to qualified charities or government entities
Legislative Description
Reduce amount certain entities must donate for instant bingo
State and Local Government : State Government
Last Action
Refer to Committee: Finance
5/28/2019
Committee Referrals
Finance5/28/2019
Full Bill Text
No bill text available