Bingo news
New hampshire State Officials Allow Bingo Operators 50% Tax Cut
A New hampshire state official commented yesterday that the Bingo game operators who are proposing the 50% percent tax cuts of the proceeds coming from charity games are legal and operating within their jurisdiction.
According to Paul M. Kelley, who acts as an overseer of the bingo administration for the New Hampshire Pari-Mutuel Commission, charities are allowed to hire consultants and the charities will pay them based on the arrangement between the two of them.
Paul M. Kelley also added that the bingo hall, on its own, cannot charge the corresponding charity more than $4 dollars per person as a fee.
New Hampshire House Bill 1744, which will take effect on July 19, states that a minimum of 35% percent of revenues will go to the non-profit organizations from the games of chance operated by hired consultants. This is less than the currently accepted 50% percent share which is a common occurence in the area for charity games.
Several local charities accused Manchester Bingo Center of terminating their leases in the next several weeks because the local charities would not pay the 50% percent consultant's fees to the new owners of the establishment, West Side Bingo.
Thursday, August 31, 2006
Donna Regan