04-09-08 Council Agenda - Laserfiche WebLink

Home Browse Search

gambling in the City to a fund administered and regulated by the City without cost to the fund, for disbursement by the City for lawful purposes as defined by Minn. Stat. Sect. 349.12, Subd. 11. The City's use of these funds shall be determined at the time of the adoption of the City's annual budget or at the time of any amendments thereto. For the purposes of this Section, net profits are defined as gross profits less reasonable sums actually expended for allowable expenses Each organization will be required to remit the contribution required under this Section to the City for net profits for the preceding month within thirty (30) days of the last day of the preceding month. 815.031. COMPUTATION OF NET PROFITS. The City shall calculate the organization's net profits on a calendar year basis, as indicated on Minnesota Department of Revenue, Form G -1, Monthly Lawful Gambling Activity Summary and Tax Return. The City shall have the authority to adjust the organization's annual net profits by deducting from net profits the amount of any reimbursement for negative expense calculation, as indicated on Line 35, Minnesota Department of Revenue, Form G -1, as described above. 815.035. LAW ENFORCEMENT AND ADMINISTRATIVE COSTS. Effective January 1, 1992, there shall be imposed a local gambling tax on all organizations licensed to conduct lawful gambling within the City. The tax may not exceed three percent (3 %) of the organization's gross profit from gambling activities within the City. Proceeds of the tax shall be placed in a special fund to be administered by the City to be utilized solely for the purpose of regulating all gambling activities within the City, including but not limited to, the reimbursement of the City's administrative, legal, law enforcement and consulting costs. 815.040. TRADE AREA. The Little Canada trade area is defined as the corporate boundaries of the City of Little Canada and the corporate boundaries of each city contiguous to the City of Little Canada. Fifty percent (50 %) of the net profits from lawful gambling conducted within the City of Little Canada shall be expended on lawful purposes conducted within the Little Canada trade area. 815.045. GAMBLING EXEMPT FROM STATE LICENSING REQUIREMENTS. (A) Organizations which conduct lawful gambling which is exempt from state gambling licensing requirements may conduct such gambling within the City upon receipt of a permit from the City, except this requirement does not apply to door prizes, raffles and bingo where total prizes are less than $750.00 in the calendar year. (13) An application for such a permit, along with a fee as established by City Council resolution shall be made at least thirty (30) days prior to the date such gambling is to be conducted. The application shall contain the following: 1. The name of the organization. 2. The address of the organization. 815 -5 11