265 - Laserfiche WebLink

Home Browse Search

~ Sec. 5-5. Local Gamblinq Tax. Effective January 1, 1991, there shall be imposed a local gambling tax on all organizations licensed to conduct lawful gambling within the City of Arden Hills. The tax may not exceed 3 percent of the organization's gross receipts from all gambling activities within the City of Arden Hills less prizes actually paid out by the organization. Proceeds of the tax shall only be used for the purpose of regulating gambling activities including, but not limited to, reimbursement of the City's administrative, legal and consulting costs. A. Any organization applying for a renewal license which shall be effective after January 1, 1991, shall provide the City with certified copies of the following documents: l. Prior year income and loss statement which clearly identifies the organization's gross receipts from lawful gambling activities within the City of Arden Hills and total prizes actually paid out for lawful gambling activities within the City of Arden Hills. 2. Statement of organization's Treasurer projecting the organization's gross receipts and total prizes for lawful gambling activities to be conducted in . Arden Hills during the year in which the license renewal will be effective. B. Any organization applying for a new license which will be effective after January 1, 1991 shall provide the City with a certified statement containing the organization's projection of gross receipts and total prizes for all lawful gambling activities to be conducted in the City of Arden Hills during the year in which the license will be effective. C. The City shall calculate the organization's estimated annual local gambling tax based upon the organization's records or upon any other reliable information available to the City. The organization shall pay the estimated local gambling tax in quarterly installments on the first days of January, April, July and October of each year. On or about December 31 of each year the City shall calculate its actual expense incurred for the purpose of regulating gambling activities. In the event that the City's actual expense is less than the local gambling tax paid by an organization, the City shall adjust the succeeding quarterly gambling tax payment for such organization or refund the difference to the organization. . Sec. 5-6. Lawful Gamblinq Fund. All organizations licensed to conduct lawful gambling within the City of Arden Hills "