Ohio Administrative Code
Title 109:1 - Charitable Foundations
Chapter 109:1-4 - Charitable Organization Bingo
Section 109:1-4-21 - Distributing net profit from proceeds of sale of instant bingo
Universal Citation: OH Admin Code 109:1-4-21
Current through all regulations passed and filed through September 16, 2024
For purposes of divisions (A)(1)(a) and (A)(1)(b) of section 2915.101 of the Revised Code, two hundred fifty thousand dollars shall be replaced with three hundred thirty thousand dollars, as follows:
(A)
(1)
If a veteran's organization, a fraternal organization,
or a sporting organization conducted the instant bingo or electronic instant
bingo, the organization shall distribute the net profit from the proceeds of
the sale of instant bingo or electronic instant bingo, as follows:
(a)
For the first
three hundred thirty thousand dollars or less of net profit from the proceeds
of the sale of instant bingo or electronic instant bingo generated in a
calendar year:
(i)
At least twenty-five per cent shall be distributed to
an organization described in division (V)(1) of section
2915.01 of the Revised Code or
to a department or agency of the federal government, the state, or any
political subdivision.
(ii)
Not more than seventy-five per cent may be deducted and
retained by the organization for reimbursement of or for the organization's
expenses, as defined in division (GG) of section
2915.01 of the Revised Code, in
conducting the instant bingo or electronic instant bingo game.
(b)
For
any net profit from the proceeds of the sale of instant bingo or electronic
instant bingo of more than three hundred thirty thousand dollars:
(i)
A minimum of
fifty per cent shall be distributed to an organization described in division
(V)(1) of section 2915.01 of the Revised Code or
to a department or agency of the federal government, the state, or any
political subdivision.
(ii)
Five per cent may be distributed for the organization's
own charitable purposes or to a community action agency.
(iii)
Forty-five per
cent may be deducted and retained by the organization for reimbursement of or
for the organization's expenses, as defined in division (GG) of section
2915.01 of the Revised Code, in
conducting the instant bingo or electronic instant bingo game.
(2)
If a veteran's organization, a fraternal organization,
or a sporting organization does not distribute the full percentages specified
in paragaphs (A)(1)(a) and (A)(1)(b) of this rule for the purposes specified in
those paragraphs, the organization shall distribute the balance of the net
profit from the proceeds of the sale of instant bingo or electronic instant
bingo not distributed or retained for those purposes to an organization
described in division (V)(1) of section
2915.01 of the Revised
Code.
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