SB170

What it does

• Requires the state department to notify the nearest city or borough when someone applies for a gaming permit or license.
• Allows local governments to protest an application by filing a resolution with the department based on lack of qualifications, though this is only a recommendation.
• Changes reporting so that operators must file quarterly reports and annual summaries with financial details instead of submitting IRS forms directly in those reports.
• Requires permittees (municipalities or qualified organizations) to file an annual report by March 15 listing gross receipts, expenses, prizes, net proceeds, and marketing sources.
• Sets a time limit so that disqualification from certain past criminal convictions ends 10 years after the conviction date.
• Extends background check rules to include parent companies, sister companies, or subsidiaries of manufacturers and distributors.
• Allows contracts between operators and permittees to pool income and divide payouts among multiple groups based on percentages determined monthly.
• Requires operators to electronically submit all written agreements with permittees for department approval before starting activities.