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Can you summarize AZAC Title 19, Chapter 2, Article 1, Section 5?
HORSE RACING > Charity Races
Short Summary
This document, part of the Arizona Administrative Code, specifically addresses the requirements for charity racing days or races. It applies to permittees who organize such events. The permittees are required to provide the Arizona Racing Commission with the name of the nonprofit organization or corporation selected as the beneficiary of the charity racing day or race. They must also provide a list of directors, officers, and shareholders of the charitable corporation, along with a brief description of the purposes and activities to be benefited by the funds received. Additionally, a copy of the Internal Revenue Service letter of determination qualifying the charity as an exempt organization for federal income tax purposes must be submitted. The document also states that permittees cannot charge any expenses incurred by racing against the pari-mutuel handle of a charity racing day or race, except for prorated expenses incurred on the day of the specific event. No penalties are mentioned in this document.
Whom does it apply to?
Permittees
What does it govern?
Charity racing days or races
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Arizona