Bill

Bill > H4937


SC H4937

SC H4937
Raffles; authorize nonprofits to conduct raffle and remove certain prohibitions


summary

Introduced
01/15/2020
In Committee
03/10/2020
Crossed Over
03/05/2020
Passed
Dead
09/24/2020

Introduced Session

123rd General Assembly

Bill Summary

Amend Section 33-57-100, Code Of Laws Of South Carolina, 1976, Relating To The Exceptions To The Prohibition On Lotteries And Raffles, So As To Clarify That Electronic Gaming Devices Are Prohibited; To Amend Section 33-57-110, Relating To Definitions, So As To Expand The Definition Of A "nonprofit Organization" To Include An Organization Recognized As Tax-exempt Under Internal Revenue Code Section 501(c)(5) And To Define The Term "electronic Gaming Device"; To Amend Section 33-57-120, As Amended, 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; To Amend Section 33-57-150, Relating To Allowable Expenses And Records For A Raffle, So As To Provide What Must Be Contained In The Report To The Secretary, To Allow For The Submission Of One Report For A Nonprofit Organization With Affiliates Or Subsidiaries Under Certain Circumstances, And To Establish Certain Record Keeping Requirements; 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 related to nonprofit organizations conducting raffles. It clarifies that electronic gaming devices are prohibited, expands the definition of "nonprofit organization" to include certain tax-exempt groups, allows these organizations to use raffle funds for athletic equipment, increases the fair market value limits for individual prizes and total prizes, and modifies the reporting requirements for raffles. The bill also repeals a section related to the repeal of the chapter on raffles. Overall, the bill aims to provide more flexibility and opportunity for nonprofits to conduct raffles as fundraising events.

Committee Categories

Business and Industry, Justice

Sponsors (9)

Last Action

Referred to Committee on Labor, Commerce and Industry (on 03/10/2020)

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