❌ HB344
Regards electronic instant bingo, lottery terminals; levy a tax
Summary
HB344 amends various sections of the Ohio Revised Code to expand the locations and methods for conducting electronic instant bingo, establishes regulations for retailer video lottery terminals, and levies a tax on electronic instant bingo. It mandates tax withholding from winnings at casinos and video lottery terminals, and requires operators to file returns and maintain records related to these activities. The bill also includes penalties for non-compliance with these regulations.
Rationale
The bill increases government regulation and taxation of gaming activities, which conflicts with Libertarian principles advocating for minimal government intervention and the repeal of laws that restrict personal freedoms, such as gambling. The imposition of taxes and regulations on electronic instant bingo and video lottery terminals further aligns with government overreach, which the Libertarian Party opposes.
Risks and Concerns
- Increased government control over personal choices related to gambling.
- Potential for misuse of tax revenues and regulatory powers.
- Encouragement of cronyism through government contracts and regulations.