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To 5.25% Charitable Gambling Tax Reduction in 1999 - Thank You! |
The main reason the charitable gambling industry received it's 3rd Tax
Change in 4 years was the extraordinary efforts made by the
members/employees of charitable gambling organizations/companies to
contact their local Legislators throughout the 1999 Minnesota
Legislative Session.
Because industry representatives took the time to meet with their
Legislators, send letters, faxes, or e-mails, and make phone calls
for
fiscal year 2000 (July 1, 1999 - June 30, 2000) the 5.25% Charitable
Gambling Tax Reduction in Chapter No. 243 H.F. 2420 will provide an
additional $3,060,000 to licensed organizations to spend in their
communities for lawful purpose contributions. The 5.25% Charitable
Gambling Tax Reduction will be around $3,330,000 for each subsequent
fiscal year. Please note that the 5.25% Charitable Gambling Tax
Reduction was the largest permanent sale, use, or miscellaneous tax
provision in the 1999 Omnibus Tax Bill. Again, your taking the time
to
make the Legislative contacts that were necessary made the difference.
THANK YOU for your efforts!