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Office of the Revisor of Statutes

SF 1874 Senate Long Description

Modifying the gambling tax gambling product definition to include bingo paper sheet facsimiles and modifying gross receipts to exclude rental proceeds and certain organization owned premises; increasing the gambling tax imposed and removing the exclusion for pull-tab and tipboard deals and certain gross receipts; allowing local investigation fees and local gambling taxes; clarifying liability; exempting from the tax sales to Indian tribal organizations governing bodies for reservation use, sales to distributors licensed under other states, and sales of promotional tickets; modifying tax collection and requiring monthly regulatory fee deposit in the lawful gambling regulation account; imposing the gambling tax on licensed organizations and exempt organizations and distributors; expanding conditions for refund of taxes paid to organizations with gross receipts under a certain amount; modifying lawful gambling exemption requirements by requiring organizations to report to commissioner of revenue, making conforming amendments; repealing gambling pull-tab and tipboard taxes, combined receipts tax and tax refund on unplayed or defective pull-tabs or tipboards, gross profits refunds and credits and tax refund or credit
(rt)