Instructions for Form Rb-32 - Expenditure of Funds Earned Through Bingo

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Form RB-32 Instructions
General Information
Line 5 - Enter the total amount in your bingo checking
account at the beginning date of this report (the first date
you wrote in Step 1).
You must complete Form RB-32 if you have a bingo
license issued by the Illinois Department of Revenue. It
Line 6 - Add Lines 3, 4, and 5.
must be completed 30 days prior to your first bingo
Line 7 - Enter the total amount of all checks written on
event each year when you renew your bingo license.
your bingo checking account and all other charges to
You no longer have to submit the form to us. Keep the
the checking account (e.g., cost of printing checks). This
completed copy in your records and make it available to
total should equal the total amount in Step 3, Item 1.
us when we request it. You must maintain all records for
a period of three years.
Line 8 - Subtract Line 7 from Line 6.
If you have questions, visit our website at
Line 9 - Enter the total amount in your bingo checking
tax.illinois.gov or call us at 217 785-5864.
account at the ending date of this report (the second
date you wrote in Step 1, Item 4).
Specific Instructions
Step 3: Tell us about your bingo
Step 1: Identify your organization
checking account
Enter the information requested on the lines provided.
Line 11 - Enter the number of each check written on
The period must begin with the effective date of your
your bingo checking account during the period covered
license or the date when last year’s report left off,
by this report, the amount of the check, the person or
whichever is earlier. The period should end as close to
organization to whom the check was made payable, and
the expiration date of your license as possible.
the purpose for the expenditure. Also list and explain any
other changes to the bingo checking account. Enter the
Step 2: Figure your expenditure of funds
amount in the check amount column and explanation of
Line 1 - Enter the gross proceeds from bingo conducted
the changes in the purpose column.
during the report period.
If you have written more checks than there are spaces
Gross proceeds is the amount you took in from each
allowed on Page 1, add the check amounts for Page 1
event, including the amount you charged, in whatever
and write the total next to “Subtotal for Page 1.” Then
form, for playing bingo. Gross proceeds is also the
copy this total to Page 2, “Subtotal for Page 1.” Continue
to complete the necessary information on Page 2. If you
amount upon which you paid the 5 percent bingo tax.
need more space, complete this procedure again for
Line 2 - Enter the amount of cash prizes you awarded to
Page 3.
players at your events.
Line 3 - Subtract Line 2 from Line 1. This amount is your
Step 4: Sign below
net proceeds. The entire amount must be deposited in
This report must be signed by an authorized member of
your bingo checking account.
your organization.
Line 4 - Enter the total amount, other than bingo gross
proceeds, deposited in your bingo checking account
during the reporting period. Include any interest earned
on the account and any other deposits, regardless of the
source.
RB-32- instructions (R-08/15)
Form RB-32 Instructions
General Information
Line 5 - Enter the total amount in your bingo checking
account at the beginning date of this report (the first date
you wrote in Step 1).
You must complete Form RB-32 if you have a bingo
license issued by the Illinois Department of Revenue. It
Line 6 - Add Lines 3, 4, and 5.
must be completed 30 days prior to your first bingo
Line 7 - Enter the total amount of all checks written on
event each year when you renew your bingo license.
your bingo checking account and all other charges to
You no longer have to submit the form to us. Keep the
the checking account (e.g., cost of printing checks). This
completed copy in your records and make it available to
total should equal the total amount in Step 3, Item 1.
us when we request it. You must maintain all records for
a period of three years.
Line 8 - Subtract Line 7 from Line 6.
If you have questions, visit our website at
Line 9 - Enter the total amount in your bingo checking
tax.illinois.gov or call us at 217 785-5864.
account at the ending date of this report (the second
date you wrote in Step 1, Item 4).
Specific Instructions
Step 3: Tell us about your bingo
Step 1: Identify your organization
checking account
Enter the information requested on the lines provided.
Line 11 - Enter the number of each check written on
The period must begin with the effective date of your
your bingo checking account during the period covered
license or the date when last year’s report left off,
by this report, the amount of the check, the person or
whichever is earlier. The period should end as close to
organization to whom the check was made payable, and
the expiration date of your license as possible.
the purpose for the expenditure. Also list and explain any
other changes to the bingo checking account. Enter the
Step 2: Figure your expenditure of funds
amount in the check amount column and explanation of
Line 1 - Enter the gross proceeds from bingo conducted
the changes in the purpose column.
during the report period.
If you have written more checks than there are spaces
Gross proceeds is the amount you took in from each
allowed on Page 1, add the check amounts for Page 1
event, including the amount you charged, in whatever
and write the total next to “Subtotal for Page 1.” Then
form, for playing bingo. Gross proceeds is also the
copy this total to Page 2, “Subtotal for Page 1.” Continue
to complete the necessary information on Page 2. If you
amount upon which you paid the 5 percent bingo tax.
need more space, complete this procedure again for
Line 2 - Enter the amount of cash prizes you awarded to
Page 3.
players at your events.
Line 3 - Subtract Line 2 from Line 1. This amount is your
Step 4: Sign below
net proceeds. The entire amount must be deposited in
This report must be signed by an authorized member of
your bingo checking account.
your organization.
Line 4 - Enter the total amount, other than bingo gross
proceeds, deposited in your bingo checking account
during the reporting period. Include any interest earned
on the account and any other deposits, regardless of the
source.
RB-32- instructions (R-08/15)

Download Instructions for Form Rb-32 - Expenditure of Funds Earned Through Bingo

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