Merchandise Prizes

PURPOSE: This rule sets forth guidelines for determining the retail price or fair market value of merchandise prizes. (1) When merchandise is awarded as a prize in a bingo game, its value shall be the suggested retail price or fair market value. Receipts for the purchase of merchandise or documentation as to the suggested retail price or fair market value of donated items to be awarded as merchandise prizes shall be retained in the records of any licensee awarding the prizes to players or supplying the prizes to another licensee. (2) When merchandise is provided or included as a prize with a pull-tab game, its value shall be the suggested retail price or fair market value. Receipts for the purchase of merchandise prizes or documentation as to the suggested retail price or fair market value of donated items to be awarded as merchandise prizes shall be retained in the records of any licensed manufacturer that invents, fabricates, assembles, or otherwise produces the pull-tab game. AUTHORITY: sections 313.040 and 313.050, RSMo Supp. 2013, and section 313.065, RSMo 2000.* Emergency rule filed June 21, 1994, effective July 1, 1994, expired Oct. 28, 1994. Emergency rule filed Oct. 19, 1994, effective Oct. 29, 1994, expired Feb. 25, 1995. Original rule filed July 11, 1994, effective Jan. 29, 1995. Amended: Filed Dec. 1, 2004, effective June 30, 2005. Amended: Filed June 25, 2015, effective Feb. 29, 2016. *Original authority: 313.040, RSMo 1981, amended 1981, 1983, 1984, 1986, 1987, 1993, 1994, 1996, 2010; 313.050, RSMo 1981, amended 1993, 2010; and 313.065, RSMo 1981, amended 1993, 1995.