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S.F. No. 1856 - Lawful Gambling Licensed Organizations Authority to Contribute Net Profits to 501(c)(19) Organizations
 
Author: Senator John Carlson
 
Prepared By: Stephanie James, Senate Counsel (651/296-0103)
 
Date: March 5, 2012



 

Section 1 [501(c)(19) Organization] defines 501(c)(19) organization.

Section 2 [Lawful Purpose] permits contributions of gross profits from lawful gambling to 501(c)(19) organizations that do not have an organization license to conduct lawful gambling; are not affiliated with the contributing organization; and whose owned or leased property is not a permitted premises for conducting lawful gambling.  This section limits the 501(c)(19) organization’s use of the contribution.

SJJ/rdr

 
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