summary
Introduced
03/28/2019
03/28/2019
In Committee
03/19/2020
03/19/2020
Crossed Over
03/11/2020
03/11/2020
Passed
09/22/2020
09/22/2020
Dead
Signed/Enacted/Adopted
10/02/2020
10/02/2020
Introduced Session
123rd General Assembly
Bill Summary
Amend Section 33-57-140, As Amended, Code Of Laws Of South Carolina, 1976, Relating To Standards For Raffles Conducted By Nonprofit Organizations, So As To Increase The Maximum Fair Market Value Of An Individual Prize; To Amend Section 33-57-150, Relating To Allowable Expenses For A Raffle, So As To Adjust Certain Recording Requirements And Allow A Nonprofit Organization To Submit A Single Report For All Raffles Conducted; And To Repeal Section 33-57-200 Relating To The Repeal Of Chapter 57, Title 33. - Ratified Title
AI Summary
This bill amends the laws governing raffles conducted by nonprofit organizations in South Carolina. It increases the maximum fair market value of an individual prize from $40,000 to $80,000 and the total fair market value of all prizes offered by a nonprofit organization from $250,000 to $300,000. The bill also adjusts certain reporting requirements, allowing nonprofits to submit a single report for all raffles conducted, and repeals a provision that would have repealed the chapter governing raffles. The bill aims to provide more flexibility and ease the administrative burden for nonprofit organizations running raffles.
Committee Categories
Budget and Finance, Justice
Sponsors (3)
Last Action
Act No. 148 (on 10/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
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