The deadline for nonprofit organizations and charities to submit annual and semi-annual reports as part of the updated Small Games of Chance Act has been extended for a year, reports State Rep. Jim Cox (R-129) Licensees now have until Feb. 1, 2014, to submit the reports to the Pennsylvania Department of Revenue as required by Act 2 of 2012. The previous deadline was Feb. 1, 2013.
Under the law, eligible organizations with proceeds in excess of $2,500 in a year will be required to file the reports electronically in 2014 for the preceding calendar year. Some of the required information includes the number of W-2G forms issued, the total gross winnings reported on W-2G forms, total prizes paid, and the amount of proceeds used for public interest purposes.
The delay in the reporting deadline applies only to the annual and semi-annual reports. Licensees are required to continue to maintain other records as outlined in the law. The Small Games of Chance law was updated last session to give nonprofit organizations the ability to increase prize limits for their small games of chance.
More information regarding reporting requirements can be found on my website by clicking on the “Small Games of Chance” graphic link on the left-hand side. Questions may be directed to the Department of Revenue at 717-787-8275.