What proof of tax exempt status is required to obtain a gaming license?
The law requires all organizations receiving bingo, raffle, or Monte Carlo event licenses to have federal tax exempt status. Private organizations applying for gaming licenses must submit a determination letter from the IRS that establishes that the organization has been exempt from federal income tax for a period of at least one year. Organizations which are tax exempt but do not qualify for exemption under the Internal Revenue Code 501(c), may submit an opinion letter from a certified public accountant or an attorney stating that the organization holds tax exempt status and citing the relevant portions of the IRS Code supporting it. If an organization has been operating for one year or more but has only recently been recognized as tax exempt, other means may be used to demonstrate that it has been operating for charitable, fraternal, or religious purposes for at least a year. In order to protect the organization’s tax status, the purpose for which gaming proceeds are designated shoul
