summary
Introduced
03/28/2019
03/28/2019
In Committee
03/28/2019
03/28/2019
Crossed Over
Passed
Dead
09/24/2020
09/24/2020
Introduced Session
123rd General Assembly
Bill Summary
Amend Section 33-57-120, As Amended, Code Of Laws Of South Carolina, 1976, Relating To Raffles Conducted By Nonprofit Organizations, So As To Authorize Nonprofit Organizations Recognized As Tax-exempt Under Internal Revenue Code Section 501(c)(5) To Conduct A Raffle And To Remove The Prohibition On The Use Of Funds Raised By The Raffle To Purchase Athletic Equipment; To Amend Section 33-57-140, As Amended, Relating To Standards For Raffles, So As To Increase The Fair Market Value Of Individual Prize And Total Prize Limits; And To Repeal Section 33-57-200 Relating To The Repeal Of Chapter 57, Title 33.
AI Summary
This bill amends South Carolina's laws on raffles conducted by nonprofit organizations. It allows 501(c)(5) organizations, such as labor unions, to conduct raffles, and removes the prohibition on using raffle funds to purchase athletic equipment. The bill also increases the maximum fair market value of individual prizes from $40,000 to $80,000, and the total fair market value of all prizes from $250,000 to $300,000. Finally, it repeals a provision that would have repealed the entire raffle law chapter.
Committee Categories
Budget and Finance
Sponsors (7)
Russell Fry (R)*,
Gary Clary (R),
Shannon Erickson (R),
Lee Hewitt (R),
Roger Kirby (D),
Seth Rose (D),
Mike Sottile (R),
Last Action
Member(s) request name added as sponsor: Sottile (on 04/24/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=4353&session=123&summary=B |
| BillText | https://www.scstatehouse.gov/sess123_2019-2020/prever/4353_20190328.htm |
Loading...