2017-009 Council Ordinances - Laserfiche WebLink

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1"Reading: September 1 1 , 2017 Publication: October 3, 2017 2nd Reading: September 25, 2017 Effective: November 2, 2017 CITY OF LINO LAKES ORDINANCE NO. 09-17 ORDINANCE AMENDING TITLE 600, CHAPTER 611 OF THE LINO LAKES CODE OF ORDINANCES RELATING TO LAWFUL GAMBLING The City Council of Lino Lakes ordains as follows: Section 1. That Section 611.10 of the above -entitled ordinance be and is hereby repealed. § 611.10 LOCAL CAMBLINC TAX. (1) A local gambling tax of 0.10% is imposed on the gross receipts of a licensed organization from all lawful gambling less prizes actually paid out by the organization to be used only by the city to cover the costs of regulating lawful gambling. (2) The tax shall be paid by the organization on a monthly basis and shall be reported on a copy of the monthly gambling activity summary and tax return filed with the Minnesota Department of Revenue. The report shall be an exact duplicate of the report filed with the Department and must contain the signatures of organization officials as required on the report form. (3) The tax return and payment of the tax due must be postmarked or received in the office of the City Clerk on or before the second day of the second month following the reportable month. (1) An incomplete tax return will not be considered timely filed unless corrected and returned by the due date for filing. Section 2. That Section 611.11 of the above -entitled ordinance be amended to read as follows: § 611.11 PROFITS FROM GAMBLING. During any year that an eligible organization is licensed to conduct gambling events, not less than 50% of the net profits from the operation of gambling by charitable organization shall be used for charitable purposes directly benefiting residents of the trade area, which shall be the city and every adjacent city and township. A report of the annual disposition of the gambling funds shall be provided to the City Clerk on or before the second day of February -ach y-ar upon the city's request. Section 3. That Section 611.12 of the above -entitled ordinance be amended to read as follows: § 611.12 RECORDS AND REPORTS. All qualified organizations operating gambling devices in the city shall keep monthly financial records of gambling proceeds and disbursements and shall submit copies of the