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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 3628 - Lawful Gambling Organizations Audit Amounts Adjustment Authorization
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Author:
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Senator Julie A. Rosen
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Prepared By:
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Stephanie James, Senate Counsel (651/296-0103)
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Date:
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March 9, 2020
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Under current law, charitable organizations licensed to conduct lawful gambling are required to have annual financial audits of lawful gambling activities if their gross receipts exceed $750,000 in a year. The commissioner of the Gambling Control Board may require organizations with gross receipts below that threshold to perform a financial audit.
Sf 3628 increases the threshold to trigger a required annual audit to $1,250,000.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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Last review or update: 03/09/2020
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