TX HB4172

Licensed distributors may accept returns of bingo equipment or supplies from authorized organizations if the items were defective, not ordered, or delivered in excess quantities, with both parties required to maintain records of such returns

Licensed authorized organizations may transfer card-minding devices between each other's premises with mutual agreement

A statewide organization existing before January 1, 2024, with members in at least 15 counties may form a nonprofit corporation to advertise and promote charitable bingo, funded by prize fees, and exempt from state sales and franchise taxes

The nonprofit corporation may spend funds on advertising, legal and accounting services, labor, utilities, and office space, but is prohibited from making campaign contributions, political expenditures, or lobbying expenditures

The prize fee collection threshold increases from prizes over $5 to prizes over $100, and the maximum operating capital retention limit for bingo organizations doubles from $50,000 to $100,000

Licensed organizations may redirect up to 15% of prize fees otherwise owed to counties/municipalities to the newly authorized nonprofit corporation for charitable bingo promotion