(2) If a veteran's organization, a fraternal organization, or | 27 |
a sporting organization
does not distribute the full percentages | 28 |
specified in divisions
(A)(1)(b) and (c) of this section for the | 29 |
purposes specified in
those divisions, the organization shall | 30 |
distribute the balance of
the net profit from the proceeds of the | 31 |
sale of instant bingo not distributed or retained for those | 32 |
purposes to
an organization described in division (Z)(1) of | 33 |
section 2915.01 of
the Revised Code. | 34 |
(3) A veteran's organization, a fraternal organization, or a | 35 |
sporting organization shall pay the expenses that are directly for | 36 |
the conduct of instant bingo by check from the checking account | 37 |
devoted exclusively to the bingo session or game and may deduct | 38 |
and retain the remainder of the thirty-five per cent of the net | 39 |
profit from the proceeds of the sale of instant bingo that is for | 40 |
the organization's expenses in conducting the instant bingo game | 41 |
and may transfer that remainder into the organization's general | 42 |
account. | 43 |
(B) If a charitable organization other than a veteran's | 44 |
organization, a fraternal organization, or a sporting organization | 45 |
conducted the instant
bingo, the organization shall distribute one | 46 |
| hundred per cent of the net profit from the proceeds of the sale | 47 |
| of instant bingo to an
organization
described in division (Z)(1) | 48 |
of section 2915.01 of
the Revised
Code or, to a department or | 49 |
| agency of the federal
government, the
state, or any political | 50 |
| subdivision, or to a veteran's organization, fraternal | 51 |
| organization, or sporting organization that is licensed to conduct | 52 |
| any form of bingo pursuant to section 2915.08 of the Revised Code. | 53 |
| (3) The veteran's organization, fraternal organization, or | 65 |
| sporting organization is
raising money for an organization that is | 66 |
| described in subsection 509(a)(1), 509(a)(2), or 509(a)(3) of the | 67 |
| Internal Revenue Code and is either a governmental unit or an | 68 |
| organization that maintains its principal place of business in | 69 |
| this state, that is exempt from federal income taxation under | 70 |
| subsection 501(a) and described in subsection 501(c)(3) of the | 71 |
| Internal Revenue Code, and that is in good standing in this state | 72 |
| and executes a written
contract with that organization as required | 73 |
| in division
(B) of this section, or the veteran's organization, | 74 |
| fraternal organization, or sporting organization is raising money | 75 |
| for its own charitable purposes. | 76 |
|
(B) If a veteran's organization, fraternal organization, or | 77 |
| sporting organization
authorized to conduct instant bingo pursuant | 78 |
| to division (A) of
this section is raising money for another | 79 |
| organization that is described in subsection 509(a)(1), 509(a)(2), | 80 |
| or 509(a)(3) of the Internal Revenue Code and is either a | 81 |
| governmental unit or an organization that maintains its principal | 82 |
| place of business in this state, that is exempt from federal | 83 |
| income taxation under subsection 501(a) and described in | 84 |
| subsection 501(c)(3) of the Internal Revenue Code, and that is in | 85 |
| good standing in this state,
the veteran's organization, fraternal | 86 |
| organization, or sporting organization shall execute
a written | 87 |
| contract with the organization that is described in subsection | 88 |
| 509(a)(1), 509(a)(2), or 509(a)(3) of the Internal Revenue Code | 89 |
| and is either a governmental unit or an organization that | 90 |
| maintains its principal place of business in this state, that is | 91 |
| exempt from federal income taxation under subsection 501(a) and | 92 |
| described in subsection 501(c)(3) of the Internal Revenue Code, | 93 |
| and that is in good standing in this state in order to
conduct | 94 |
| instant bingo. That contract shall include a statement of
the | 95 |
| percentage of the net proceeds that the veteran's, fraternal, or | 96 |
| sporting
organization will be distributing to the organization | 97 |
| that is described in subsection 509(a)(1), 509(a)(2), or 509(a)(3) | 98 |
| of the Internal Revenue Code and is either a governmental unit or | 99 |
| an organization that maintains its principal place of business in | 100 |
| this state, that is exempt from federal income taxation under | 101 |
| subsection 501(a) and described in subsection 501(c)(3) of the | 102 |
| Internal Revenue Code, and that is in good standing in this state. | 103 |
|
(C)(1) If a veteran's organization, fraternal organization, | 104 |
| or sporting organization
authorized to conduct instant bingo | 105 |
| pursuant to division (A) of
this section has been issued a liquor | 106 |
| permit under Chapter 4303.
of the Revised Code, that permit may be | 107 |
| subject to suspension,
revocation, or cancellation if the | 108 |
| veteran's organization,
fraternal organization, or sporting | 109 |
| organization violates a provision of sections 2915.01 to
2915.13 | 110 |
| of the Revised Code. | 111 |
|
(D) A veteran's organization, fraternal organization, or | 118 |
| sporting organization shall
give all required proceeds earned from | 119 |
| the conduct of instant
bingo to the organization with which the | 120 |
| veteran's
organization, fraternal organization, or sporting | 121 |
| organization has entered into a written
contract or retain the | 122 |
| proceeds earned from the conduct of instant bingo if the veteran's | 123 |
| organization, fraternal organization, or sporting organization is | 124 |
| raising money for its own charitable purposes. | 125 |