The bill seeks to repeal sections 313.005, 313.055, and 313.057 of the Revised Statutes of Missouri and introduces two new sections focused on the regulation of bingo card sales. It defines key terms related to bingo operations, such as "bingo," "bingo card," and "key person," the latter referring to individuals with significant roles or interests in bingo organizations. The legislation establishes licensing requirements for manufacturers and suppliers of bingo equipment, necessitating a Missouri bingo equipment and supplies manufacturer or supplier license, along with provisions for criminal background checks for key persons and guidelines for record maintenance and compliance with commission regulations. Additionally, the bill modifies the taxation framework for pull-tab cards and bingo operations by instituting a two percent tax on the gross receipts from retail sales of pull-tab cards, replacing the previous flat fee structure. It mandates that taxes be submitted monthly to the commission and allocated to the bingo proceeds for education fund. The legislation also requires that pull-tab cards display their sale price and ensures that at least sixty percent of gross revenues are returned to purchasers. By repealing the previous tax on organizations with high-value bingo prizes, the bill aims to streamline the tax structure while enforcing compliance measures for suppliers who fail to meet tax obligations.

Statutes affected:
Introduced (4374H.01): 313.005, 313.055, 313.057