Fiscal Note & Local Impact Statement

126 th General Assembly of Ohio

Ohio Legislative Service Commission

77 South High Street, 9th Floor, Columbus, OH 43215-6136 Phone: (614) 466-3615

Internet Web Site: http://www.lsc.state.oh.us/

BILL:

H.B. 122

DATE:

April 20, 2005

STATUS:

As Introduced

SPONSOR:

Rep. Wagoner

LOCAL IMPACT STATEMENT REQUIRED:

No

No local cost

 


CONTENTS:

Prohibits the payment of lottery prizes in excess of $599 unless the beneficial owner's information is provided to the Lottery Commission

 

State Fiscal Highlights

 

        No direct fiscal effect on the state.

Local Fiscal Highlights

 

        No direct fiscal effect on political subdivisions.

 


 

 

Detailed Fiscal Analysis

 

The bill prohibits any lottery prize award with a value that exceeds $599 from being claimed by or paid to any person until the name, address, and social security number of each beneficial owner of the prize award are disclosed to the Ohio Lottery Commission. "Person" means, as generally defined for purposes of the Ohio Revised Code, an individual, corporation, estate, trust, partnership, or any association. A beneficial owner is the ultimate recipient or, if there is more than one, each ultimate recipient of a lottery prize award. Under current law, the Ohio Lottery Commission is required to collect all outstanding child support, spousal support, and other debt owed to the state by the lottery prize winner.

 

The bill has no state or local fiscal effect.

 

 

LSC fiscal staff: Jean J. Botomogno, Economist

 

HB0122IN.doc/lb