HF 1694

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to gambling; modifying the combined receipts 
  1.3             tax schedule; amending Minnesota Statutes 1996, 
  1.4             section 297E.02, subdivision 6. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1996, section 297E.02, 
  1.7   subdivision 6, is amended to read: 
  1.8      Subd. 6.  [COMBINED RECEIPTS TAX.] In addition to the taxes 
  1.9   imposed under subdivisions 1 and 4, a tax is imposed on the 
  1.10  combined receipts of the organization.  As used in this section, 
  1.11  "combined receipts" is the sum of the organization's gross 
  1.12  receipts from lawful gambling less gross receipts directly 
  1.13  derived from the conduct of bingo, raffles, and paddlewheels, as 
  1.14  defined in section 297E.01, subdivision 8, for the fiscal year.  
  1.15  The combined receipts of an organization are subject to a tax 
  1.16  computed according to the following schedule: 
  1.17     If the combined receipts for the          The tax is:
  1.18     fiscal year are:
  1.19     Not over $500,000                   zero
  1.20     Over $500,000, but not over
  1.21     $700,000                            two percent of the amount
  1.22                                         over $500,000, but not
  1.23                                         over $700,000
  1.24     Over $700,000, but not over
  1.25     $900,000                            $4,000 plus four percent
  2.1                                          of the amount over
  2.2                                          $700,000, but not over
  2.3                                          $900,000
  2.4      Over $900,000                       $12,000 plus six percent
  2.5                                          of the amount over
  2.6                                          $900,000
  2.7      Not over $750,000                   zero 
  2.8      Over $750,000, but not over 
  2.9      $1,000,000                          one percent of the amount 
  2.10                                         over $750,000, but not 
  2.11                                         over $1,000,000 
  2.12     Over $1,000,000, but not over
  2.13     $1,250,000                          $2,500 plus two percent
  2.14                                         of the amount over
  2.15                                         $1,000,000, but not over
  2.16                                         $1,250,000
  2.17     Over $1,250,000                     $7,500 plus three percent
  2.18                                         of the amount over
  2.19                                         $1,250,000
  2.20     Sec. 2.  [EFFECTIVE DATE.] 
  2.21     Section 1 is effective July 1, 1997.