Citations Affected: IC 4-32.2-2-24.
Synopsis: Charity gaming. Amends the definition of "qualified
organization" to enable an organization that reorganizes and changes
its name to obtain a charity gaming license under the new name.
Requires the reorganized organization to have been continuously in
existence in Indiana for at least five (5) years or affiliated with a parent
organization that had been in existence in Indiana for at least five (5)
years under its previous name. Describes the information considered
evidence of the continuity between organizations.
Effective: July 1, 2009.
January 13, 2009, read first time and referred to Committee on Public Policy.
A BILL FOR AN ACT to amend the Indiana Code concerning
secretary of state and with a new tax identification
number after having satisfied the requirements set forth
in either item (i) or (ii).
(2) A bona fide political organization operating in Indiana that produces exempt function income (as defined in Section 527 of the Internal Revenue Code).
(3) A state educational institution (as defined in
(b) For purposes of IC 4-32.2-4-3, a "qualified organization" includes the following:
(1) A hospital licensed under IC 16-21.
(2) A health facility licensed under IC 16-28.
(3) A psychiatric facility licensed under IC 12-25.
(4) An organization defined in subsection (a).
(c) For purposes of IC 4-32.2-4-10, a "qualified organization" includes a bona fide business organization.
(d) Evidence that an organization satisfies subsection (a)(1)(C)(iii) includes:
(1) evidence of the organization's continued use of a service mark or trademarked logo associated with the organization's former name;
(2) evidence of the continuity of the organization's activities as shown in the federal income tax returns filed for the organization's five (5) most recent taxable years;
(3) evidence of the continuity of the organization's activities as shown by the five (5) most recent annual external financial reviews of the organization prepared by a certified public accountant; or
(4) any other information considered sufficient by the commission.