Schedule Er - Lawful Gambling Tax Credit For Exempt Raffles

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Schedule ER — Lawful Gambling Tax Credit for Exempt Raffles

Use this schedule to claim a tax credit for conducting an exempt raffle. You may conduct tax-exempt raffles if the net proceeds

are used exclusively to help relieve the effects of poverty, homelessness or disability for an individual or family. This credit is

nonrefundable.

Organization name

Federal ID number (FEIN)

Minnesota tax ID number

License number

Month/year reported

1 Gross receipts for exempt raffles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Prizes awarded for exempt raffles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Net receipts (subtract line 2 from line 1; the result cannot be more than Form G1, line 2C) . . . . . . . . . 3

4 Exempt raffle tax credit (multiply line 3 by 8.5% [.085]). Also enter the result on Form G1, line

. . . 4

IMPORTANT NOTE! You must document, in the monthly meeting minutes, the recipients of all exempt raffle

proceeds prior to the raffle being conducted. You must donate the proceeds from the gambling account directly to

the individual or family.

Attach this schedule to Form G1 in the order prescribed in the instructions.

(Rev. 12/12)