MA: Mideast Contest Winnings Taxation Act (Statute)

[Queen Mum Inks.LWC]

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Sponsor: 20RP12

[Queen Mum Inks.LWC]

I'm with Tmthforu94.  We need money... tax it like it's going out of style.

[Queen Mum Inks.LWC]

I ran into this a few years ago and as a result I owed my state government a total of 1 USD. I'm confident it also lowered what I would've gotten back from the federal government. Personally contest winnings shouldn't be touched unless its a government based lottery.

Why not?  It's still income.  Although that brings up the point that we need to ensure we don't double tax.

[Queen Mum Inks.LWC]

What's wrong with taxing radio contests/

[Queen Mum Inks.LWC]

I'll sponsor the Governor's amendment and bring it to a vote.  Members will vote AYE, NAY, or ABSTAIN.  This will be a 24-hour vote.

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[Queen Mum Inks.LWC]

AYE

[Queen Mum Inks.LWC]

Voting is now closed.  The AYEs are 2, and the NAYs are 0, with 3 not voting.  The AYEs have it, and the amendment is adopted.

[Queen Mum Inks.LWC]

From what I can tell, 20RP12 accepted all but the last amendment as friendly, so what we have is as  follows:

[quote]
Mideast Contest Winnings Taxation Act

Section 1

1. A Mideast Regional Lottery is hereby established.  A part of the revenue from the lottery must be used for the funding of the lottery. The Mideast Government is permitted to use any additional revenue from the lottery at its own discretion.

2. Any citizen of the Mideast Region who wins the regional lottery or any similar contest within the region is hereby subjected to taxation on their winnings.

3. The taxation shall be:

• On any prize that totals less than $100,000 in value: 15%
• On any prize that totals more than $100,001 in value: 25%

4. Any prize that totals less than $500 shall be exempt from taxation.

[Queen Mum Inks.LWC]

I think radio contest should be added back in.  What was the rationale for excluding it?

[Queen Mum Inks.LWC]

I think radio contest should be added back in.  What was the rationale for excluding it?

It's not regionally-sponsored.

So what?  Is it still taxed under income?

[Queen Mum Inks.LWC]

I propose the following amendment. Hopefully this is a compromise that we can agree to:

Clause 2 is amended to read:

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Clause 4 is amendded to read:

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[Queen Mum Inks.LWC]

And this exempts most radio contests.  If you're winning a radio contest that's greater than $1,000, it should be taxed.

[Queen Mum Inks.LWC]

I'm going to change my amendment to make it clear that none of the winnings will get double taxed:

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Clause 4 is amendded to read:

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The following shall be added:

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[/quote]

[Queen Mum Inks.LWC]

Seeing no further debate, this is now brought to a final vote.  Members will vote AYE, NAY, or ABSTAIN.  This will be a 48-hour vote.

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[Queen Mum Inks.LWC]

AYE

[Queen Mum Inks.LWC]

Voting is now closed.  The AYEs are 3, and the NAYs are 1, with 1 not voting.  The AYEs have it, and the bill is passed.  The bill is now passed onto the Governor for his signature or veto.