Texas HB4172 regulates charitable bingo and establishes a nonprofit corporation to promote it.

Texas HB4172 amends the Occupations Code to regulate charitable bingo operations. It mandates that licensed authorized organizations collect a 5% fee on cash prizes over $100. These fees are to be split between the state commission and local governments based on prior votes on imposing the prize fee. The bill also allows for the formation of a nonprofit corporation by statewide organizations to promote charitable bingo, exempt from certain taxes.

Texas HB4172 regulates charitable bingo and establishes a nonprofit corporation to promote it.

Texas HB4172 amends the Occupations Code to regulate charitable bingo operations. It mandates that licensed authorized organizations collect a 5% fee on cash prizes over $100. These fees are to be split between the state commission and local governments based on prior votes on imposing the prize fee. The bill also allows for the formation of a nonprofit corporation by statewide organizations to promote charitable bingo, exempt from certain taxes.