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Can you summarize WAAC 230-07-095?
Charitable and nonprofit rules. > Fund-raising events and members only raffles exempt from deposit requirements.
Short Summary
Bona fide charitable or nonprofit organizations that conduct only fund-raising events or members only raffles and have no other gambling licenses are exempt from having a separate gambling receipts account, but they must: (1) Make no expenditures, other than for prizes, until the receipts have been deposited; (2) Deposit all net gambling receipts within two banking days; and (3) Keep the validated deposit receipt with their gambling records. [Statutory Authority: RCW 9.46.070. WSR 07-10-032 (Order 609), 230-07-095, filed 4/24/07, effective 1/1/08.]
Jurisdiction
Washington