W. Va. Code R. § 110-37-27
Restriction on Use of Raffle Equipment
27.1. A licensee may only use raffle equipment:
27.1.1. which it owns;
27.1.2. which it borrows without compensation from another licensee; or
27.1.3. which it leases from another licensee for a reasonable and customary amount.
27.1.4. Example 1 - John's Raffle Equipment Rental, an organized for profit company, may not rent raffle supplies to licensees in this State.
27.1.5. Example 2 - S organization owns several pieces of raffle equipment. Z organization does not wish to buy what it needs to conduct its raffle, but instead wishes to lease the equipment from S at a reasonable rate. Z may lease from S if both organizations meet the criteria for charitable raffle licensees under Subdivision 2.1.3. of this rule.
27.2. The rental or purchase of raffle equipment shall be considered a reasonable and necessary expense as provided for in Section 14 of this rule.
Amendment history
5/1/2001
Source: view the official text
Nearby sections (25 sections)
- 110-37-16 · Advertising
- 110-37-17 · Fraud; Penalties
- 110-37-18 · Obtaining License Fraudulently; Penalties
- 110-37-19 · Violation of Provisions; Penalties
- 110-37-20 · Proceeds of State Fair
- 110-37-21 · State Fair
- 110-37-22 · Administration
- 110-37-23 · Filing of Reports
- 110-37-24 · Filing of Copy of License
- 110-37-25 · County Option Election
- 110-37-26 · Prohibited Acts
- 110-37-26a · Smoking and Nonsmoking Sections
- 110-37-27 · Restriction on Use of Raffle Equipment
- 110-37-28 · Requirement for a Registration Statement
- 110-39-1 · General
- 110-39-2 · Tax Types Covered
- 110-39-3 · Electronic filing of returns
- 110-39-4 · Electronic payment of tax
- 110-39-5 · Information sharing
- 110-40 · Withholding or Denial of Personal Income Tax Refunds from…
- 110-41-1 · General
- 110-41-2 · Definitions
- 110-41-3 · The refundable exemption from the variable rate component…
- 110-41-4 · Reporting, payment, and application for refund: due dates,…
- 110-41-5 · Application for credit for sales tax liability paid to…