Action | Promulgation of regulations for Texas Hold’em poker tournaments by the Department of Agriculture and Consumer Services |
Stage | Proposed |
Comment Period | Ended on 5/10/2023 |
My comment involves the use of proceeds. VDACS prohibits funds for fraternal activities, hurting charities because these organizations aim to serve members through social and fun activities. VDACS' rule bars them from using poker funds for their purpose, making IRS compliance difficult. One solution is to not apply this rule to funds from poker tournaments.