Charitable gaming; limits audit and administration fee of charitable organization. (SB100)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Department of Agriculture and Consumer Services; charitable gaming; audit and administration fee; adjusted gross receipts. Limits the audit and administration fee to no more than 1.25 percent of the adjusted gross receipts of a charitable organization, defined as the total amount of money received by the organization from charitable gaming before the deduction of expenses and excluding prizes paid out. Under current law, such fee is limited to 1.25 percent of the gross receipts, which includes prizes. Read the Bill »

Status

02/02/2016: Failed to Pass in Committee

History

DateAction
12/22/2015Prefiled and ordered printed; offered 01/13/16 16102310D
12/22/2015Referred to Committee on General Laws and Technology
01/15/2016Impact statement from DPB (SB100)
01/25/2016Reported from General Laws and Technology (12-Y 1-N 1-A) (see vote tally)
01/25/2016Rereferred to Finance
02/02/2016Continued to 2017 in Finance (11-Y 1-N) (see vote tally)