|
Rep. Jay C. Hoffman
Filed: 3/24/2004
|
|
09300HB4283ham001 |
|
LRB093 18614 LRD 49068 a |
|
|
1 |
| AMENDMENT TO HOUSE BILL 4283
|
2 |
| AMENDMENT NO. ______. Amend House Bill 4283 on page 1, line |
3 |
| 14, by replacing every thing after the enacting clause with the |
4 |
| following:
|
5 |
| "Section 5. The Raffles Act is amended by adding Section |
6 |
| 8.2 as follows: |
7 |
| (230 ILCS 15/8.2 new)
|
8 |
| Sec. 8.2. Exemption for children's research hospital. |
9 |
| (a) A charitable institution is not subject to the |
10 |
| licensing provisions of subsection (a) of Section 2, items (1), |
11 |
| (2), (3), (4), and (5) of Section 3, and the restrictions on |
12 |
| the conduct of raffles imposed under item (5) of Section 4 if |
13 |
| (i) the sole purpose of the charitable institution is to raise |
14 |
| funds for a children's research hospital that is exempted from |
15 |
| the payment of federal income taxes by the United States |
16 |
| Internal Revenue Code (26 U.S.C. Section 501(c)(3)), (ii) the |
17 |
| net proceeds from raffles conducted by the charitable |
18 |
| institution under this Act are used by the organization for |
19 |
| charitable, scientific, or educational purposes, and (iii) the |
20 |
| charitable institution obtains a license from the Department |
21 |
| under subsection (b). |
22 |
| (b) The Department of Revenue shall, upon application |
23 |
| therefor on forms prescribed by that Department, and upon the |
24 |
| payment of an annual fee of $200, and upon a determination by |