HB4283 93RD GENERAL ASSEMBLY

LRB093 18614 LRD 44339 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4283

Introduced 1/30/2004, by Jay C. Hoffman

SYNOPSIS AS INTRODUCED:

230 ILCS 15/8.2 new

Amends the Raffles Act. Provides that certain licensing requirements and certain restrictions on the conduct of raffles do not apply to a charitable institution if (i) the sole purpose of the charitable institution is to raise funds for a children's research hospital that exempted from the payment of federal income taxes under the United States Internal Revenue Code and (ii) the net proceeds from raffles conducted by the charitable institution are used by the organization for charitable, scientific, or educational purposes. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning gaming.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Raffles Act is amended by adding Section 8.2 as follows:

(230 ILCS 15/8.2 new)

Sec. 8.2. Exemption for children's research hospital. A charitable institution is not subject to the licensing provisions of Sections 2 and 3 and the restrictions on the conduct of raffles imposed under Section 4 if (i) the sole purpose of the charitable institution is to raise funds for a children's research hospital that is exempted from the payment of federal income taxes by the United States Internal Revenue Code (26 U.S.C. Section 501(c)(3)) and (ii) the net proceeds from raffles conducted by the charitable institution under this Act are used by the organization for charitable, scientific, or educational purposes. For a charitable organization that conducts raffles under this Section, all references in Sections 5 and 6 of this Act to a licensing authority mean the Illinois Department of Revenue.

Section 99. Effective date. This Act takes effect upon becoming law.