99B.12A - BINGO -- LICENSING EXCEPTION. - Iowa Statutes

99B.12A BINGO -- LICENSING EXCEPTION. An organization that is exempt from federal income taxes under section 501(c)(3), 501(c)(4), 501(c)(5), 501(c)(6), 501(c)(7), 501(c)(8), 501(c)(10), or 501(c)(19) of the Internal Revenue Code as defined in section 422.3, shall be authorized to conduct a bingo occasion without a license as otherwise required by this chapter if all of the following requirements are met: 1. Participants in the bingo occasion are not charged to enter the premises where bingo is conducted. 2. Participants in the bingo occasion are not charged to play. 3. Any prize awarded at the bingo occasion shall be donated. 4. The bingo occasion is conducted as an activity and not for fundraising purposes.          Section History: Recent Form 2003 Acts, ch 77, §2 Referred to in § 99B.9