H0864B0970A01474 MSP:JSL 05/24/17 #90 A01474
AMENDMENTS TO HOUSE BILL NO. 864
Sponsor: REPRESENTATIVE PETRARCA
Printer's No. 970
Amend Bill, page 1, line 11, by inserting after "drawing"
and further providing for licensing of eligible organizations;
in club licensees, further providing for club licensee and
for distribution of proceeds
Amend Bill, page 4, line 17, by striking out all of said line
and inserting
Section 4. Sections 307(d.1), 501(a)(1), 502(a.1)(1) and
702(g) of the act are amended to read:
Section 307. Licensing of eligible organizations.
* * *
(d.1) Bank account and records.--An eligible organization
with proceeds of games of chance that exceed [$40,000] $60,000
per year shall maintain a bank account, which shall be separate
from all other funds belonging to the licensed eligible
organization. Account records shall show all expenditures and
income and shall be retained by the licensed eligible
organization for at least two years.
* * *
Section 501. Club licensee.
(a) Report.--
(1) Beginning in 2014, a club licensee with proceeds in
excess of [$20,000] $30,000 in a calendar year shall submit
annual reports to the department for the preceding 12-month
period on a form and in a manner prescribed by the
department.
* * *
Section 502. Distribution of proceeds.
* * *
(a.1) Amounts retained.--
(1) Notwithstanding subsection (a), if in a calendar
year beginning January 1, 2013, the proceeds from a game of
chance for a club licensee are [$40,000] $60,000 or less, the
licensee shall be eligible to retain the first [$20,000]
$30,000 in proceeds in the following calendar year before
subsection (a) applies.
* * *
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See A01474 in
the context
of HB0864