er by ashrafp

VIEWS: 19 PAGES: 1

									                                                                                                                                                                                                              G1ER
Schedule ER — Lawful Gambling Tax Credit for Exempt Raffles
                                                                                                                    Federal ID number                    Minnesota tax ID number                  License number


Organization name                                                                                                                                                                                 Month/year reported



You may conduct tax-exempt raffles if the net proceeds are used exclusively to help relieve the effects of poverty, home-
lessness or disability for an individual or family .
The credit is nonrefundable and cannot be greater than your tax liability on Form G1, line 11a .

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




                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 Amount from this month's Form G1, line 13  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4
                5 Tax credit (multiply line 3 by 8.5% [.085]; the result cannot be more than Form G1, line 11a)
                  Also enter this amount as a negative number on this month’s Form LG1010, Schedule C/D  .  .  .  . 5
  Credit




                6 Tax liability and fees (subtract line 5 from line 4). Pay ThiS amounT instead of the
                  amount on Form G1, line 13 . Make check payable to Minnesota Revenue  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6
                    Also enter this amount on this month's Schedule F, line 14 . (Do not use
                    the amount from Form G1, line 13.)

                    note: Do not change the amount on Form G1, line 11a or 13 .
                    attach this schedule to Form G1 in the order prescribed on page 4 of the instructions.




(Rev . 11/08)

								
To top