9-217. Profit, defined.
46 words·~1 min read·
/ne/chapter-9/9-217A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Profit shall mean the gross receipts collected from one or more bingo games, less reasonable sums necessarily and actually expended for prizes, taxes, license and permit fees, bingo equipment, the cost of renting or leasing a premises for the conduct of bingo, and other allowable expenses.