CHARITABLE BINGO OPERATIONS DIVISION - Txbingo.org

CHARITABLE BINGO OPERATIONS DIVISION2011 ANNUAL REPORTThere is a 3-percent tax on gross rentals received by a licensed commerciallessor for the rental of premises where bingo is conducted.The following table shows lease income and rental tax reported by licensedcommercial lessors from 2002 through 2011:COMMERCIAL LESSORS LEASE INCOME &RENTAL TAX 2002 – 2011YEARTOTAL REPORTEDLEASE INCOME(LESSORS)TOTAL RENTAL TAXPAID (LESSORS)2002 $37,876,695 $1,129,8912003 $36,794,615 $1,118,8332004 $39,165,723 $1,167,7042005 $39,089,803 $1,187,1042006 $39,156,522 $1,202,7572007 $38,851,449 $1,173,7362008 $39,859,394 $1,181,3202009 $42,628,938 $1,242,5012010 $41,094,864 $1,215,1922011 $42,102,802 $1,298,089Figures as of 3/16/2012. Unaudited.CHARITABLE BINGO ALLOCATIONSTO CITIES AND COUNTIESSection 2001.502 of the Act requires a licensed authorized organization to collectfrom a person who wins a bingo prize of more than $5 a fee in the amount of 5percent of the amount or value of the prize; and remit to the commission a fee in theamount of 5 percent of the amount or value of all bingo prizes awarded.Local jurisdictions in Texas benefit from charitable bingo activities in the form of allocationsderived from bingo prize fees. A county that imposed a gross receipts tax onthe conduct of bingo as of January 1, 1993, is entitled to 50 percent of the prize feecollected under § 2001.502 of the Act, on a prize awarded at a game conducted in thecounty.10