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<br />, <br /> <br />t\Tfi\d\t4blI A ~.~ <br /> <br />. <br /> <br />PETERSON, FRANKE 8< RIACH <br /> <br />. <br /> <br />Gary Berger <br />September 21, 1989 <br />Page Two <br /> <br />the City. If the gambling tax <br />investigation fee is not allowed. <br />to consider a local gambling tax? <br /> <br />is required,the <br />Does the City want <br /> <br />4. Some gambling acti vi ties are not required to be <br />licensed by State law (ie. raffles conducted by <br />organizations when the total prize money does not <br />exceed $750.00 per year). Does the City want to <br />require permits for those gambling activities which are <br />exempt from state Licensing? <br /> <br />5. <br /> <br />state law includes prize limits for bingo, pull tabs <br />and other gambling activities. Generally, total prizes <br />awarded at a bingo occasion may not exceed $2,500.00 <br />and the maximum prize for a single pull tab may not <br />exceed $250.00. There are some additional <br />restrictions. Does the City wish to consider adopting <br />a more stringent prize schedule than the maximums <br />currently allowed by state law? <br /> <br />. <br /> <br />Current law permits the City to adopt regulations wh~ph <br />would require licensed organizations to contribute 10 <br />percent their net profits to a fund which.~ould be <br />administered and regulated by the Ci ty .~e .proceeds <br />'Of the fund would have to be used for "lawful purposes" <br />which include publiC improvements and public . services. <br /> <br />If you any additional questions regarding the City's ability <br />to regulate gambling or specific provisions that may be includeA <br />in a proposed ordinance, please "let me know. Obviously, there . <br />are some routine reporting matters that would be included in any <br />regulation similiar to those in the previously prepared <br />ordinance. <br /> <br />6. <br /> <br />Very truly yours, <br /> <br />JPF/lcr <br /> <br /> <br />. <br />