National Revenue Sharing Lottery Act

Summary

National Revenue Sharing Lottery Act - Title I: The National Lottery - Establishes the National Lottery Commission to administer an annual national lottery. Requires the Commission to report to the President and the Congress annually on its activities. Requires lottery tickets to be sold at U.S. post offices by postal employees and otherwise as specified by the Commission. Prohibits the sale of lottery tickets to persons under the age of 18 and prohibits such persons from being eligible for prizes. Establishes the National Revenue Sharing Lottery Trust Fund for the deposit of receipts from ticket sales and any fines imposed for violations of this Act. Declares the conduct of a national lottery to be a Federal function for the purpose of raising revenue. Provides that any State may elect to prohibit participation in the national lottery or the sale of tickets within its boundaries. Declares that nothing in this Act affects any State or local lottery. Exempts national lottery prizes from Federal income tax. Establishes criminal penalties for violations of this Act. Provides for the mailability of matters related to the national lottery. Title II: Disposition of Lottery Revenues - Provides for the disposition of national lottery revenues as follows: (1) 50 percent for general revenue sharing; (2) not less than 40 percent to pay prizes; and (3) not more than ten percent for operations and administration.

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1 official file

• Introduced in House

  summary · EN · 6 January 1987

  Open at official source

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