There were two welcomed pieces of news this week.
The House tax committee included HF3384 which excludes sales tax on our e-tab revenue sharing and purchases of our paper games. It was passed out of House Tax committee to House Ways and Means, passed out of Ways and Means to the House floor for a vote on Monday. Thanks to Chair Davids of the House tax committee for including us in the bill. There is still a long way to go before this becomes law, but without being included in the bill our chances would have been very slight. The Senate has not released their tax bill as of yet.
HF1415, the Daily Fantasy Sports bill went down on a 48 yes to 74 no vote on the House floor on Tuesday of this week. We objected to this bill in its current form. We asked you to contact your legislators and ask them to vote no on this. A big thank you to those that did contact your legislators. You made a difference! Those seeking to compete with charitable gaming should not expect to come into Minnesota and be extended more favorable treatment than we currently get, especially for profit competitors. Attached is who voted for and against the bill. If your legislator voted no, please make sure to thank them.
There has been an increase in fund losses across the state. Please make sure that you are doing what is necessary to protect your employees and your funds. If you have questions regarding your current security measures you can ask local law enforcement to review your operation to see if they have any suggestions. Remember, if you have a fund loss follow these steps (from the Gambling Manual): Notify local law enforcement IMMEDIATELY, AND notify Board within 60 days When a fund loss is discovered, report it to local law enforcement officials: • within 24 hours for a fund loss from a paper pull-tab dispensing device, or • within five days of the discovery for all other forms of gambling. The Board will not consider the fund loss request if the loss is not reported: • to local law enforcement officials within the above timeframes; or • to the Board within 60 days, even if you do not yet have a copy of the police report. If the organization fails to meet these reporting requirements, the organization will be required to: • reimburse its gambling account with funds from a non-gambling source for the amount of the loss; and • provide documentation of the reimbursement to the Board within 60 days of the loss.
Attached is a letter from Tracy Henry, President of the Irondale Youth Hockey Association to her Representative in regards to the House proposing to use the stadium fund for funding veterans homes. Tracy has graciously agreed to let me share it with you. This is a great example of letting your legislators know where you stand on an issue. We are not saying that the funding of veterans homes is a lower priority than tax relief for charitable gaming. What we are saying is that excess money in the stadium fund needs to be used to reduce our confiscatory tax burden.
letter on stadium issue (2).pdf