WAC 230-10-380   Relief reduction for minimum annual adjusted cash flow.  (1) If a bingo licensee fails to meet the minimum annual adjusted cash flow requirements for any calendar year and has maintained a positive cash flow, the licensee may apply as a credit against the required adjusted cash flow up to forty-nine percent of gambling taxes paid to local governments.

     (2) If the licensee is still out of compliance, the director automatically grants relief, allowing up to twenty-five percent reduction to the annual dollar amount of required adjusted cash flow for the year, excluding the relief available in subsection (1) of this section, in which the licensee is out of compliance.

     (3) No licensee granted relief is eligible to receive relief for any of the four years following the calendar year for which the director granted the relief, pursuant to subsection (2) of this section.



[Statutory Authority: RCW 9.46.070. 09-17-075 (Order 655), § 230-10-380, filed 8/14/09, effective 9/14/09; 07-10-033 (Order 610), § 230-10-380, filed 4/24/07, effective 1/1/08.]