HOUSE BILL 218
AN ACT RELATING TO RAFFLES AND THE GAME OF BINGO IN IREDELL COUNTY.
The General Assembly of North Carolina enacts:
Section 1. It shall be unlawful to operate raffles and the game of "bingo" (by whatever name called) for prizes and/or money except as hereinbelow provided. It shall be lawful to operate raffles and the game of "bingo" (by whatever name called) for prizes and/or money if the person or organization operating said game or raffle has prominently displayed a determination letter from the North Carolina Secretary of Revenue (or the equivalent from the Internal Revenue Service) in the specific place or room where said game or raffle is being conducted. The determination letter must indicate that the person or organization conducting said game or raffle has been exempted from income and/or franchise taxes in respect to income derived in the conduct of its exempt activities. Nothing contained in said determination letter shall exempt the person or organization from any unrelated business income taxes received from said raffle or "bingo" game.
Sec. 2. All proceeds derived from such games shall inure to the named nonprofit organization. No proceeds shall be deducted for administration, management or any operating expenses other than prizes.
Sec. 3. A nonprofit organization may not contract with or compensate any individual or corporation for conducting any "bingo" game.
Sec. 4. This act shall apply only in the following county: Iredell.
Sec. 5. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 9th day of February, 1979.