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What are the Raffle laws in alabama I live in alabama i want to get information on how to Raffle off a van

What are the home Raffle laws of nm How do i apply for a home Raffle

I would like to create a form to display Raffle items across the top of the page and a place for names going down the left ha... This is for a pre-sell of Raffle tickets. prizes must be listed across the top of the page,...

Can you direct me to the 'sworn affidavit of eligibility' required for receiving a Raffle prize in california? I wish to download a blank affidavit of eligibility required after winning a Raffle in california....

Is there a way to start a business with a Raffle concept? Interested in doing something along those lines but i know there are laws but want to know...

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kbky11

Brain (15,793)

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Question

Submitted 666 days ago...

Mangle783

New User (3)

Raffle of truck

I have a truck that I am wanting to get rid of, asking $5,500. Is it legal to sell 55 raffle $100 tickets and draw a winner for the truck?

Thank you

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Answer 1 / 3 - Submitted 666 days ago...

kbky11

Brain (15,793)

As long as you pay the taxes off the money gained ,and the owner also does the same , peeople do the same thing with houses , so raff away , no law against it, unless your state has a diff law then most,

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Answer 2 / 3 - Submitted 665 days ago...

Mangle783

New User (3)

I do not understand why I would need to pay taxes on the money gained if I use the money to purchase another car? Please clarify. Thank you for your help

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Answer 3 / 3 - Submitted 665 days ago...

kbky11

Brain (15,793)

Well this is a way to sale , and sales, pay taxes, any time you sale something for money you are repondsbly to the gov, to pay taxes, thats just the law, you have to sign over the car or truck , and there will be taxes to pay , when you sign it over, its up to you if you want to pay the sales tax and mention it on you taxes next year as income,

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Submitted 665 days ago...

Mangle783

New User (3)

I appreciate you taking your time to answer my question. Thank you ver much.

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Raffle of truck

I have a truck that I am wanting to get rid of, asking $5,500. Is it legal to sell 55 raffle $100 tickets and draw a winner for the truck? Thank you

I have a truck that I am wanting to get rid of, asking $5,500. Is it legal to sell 55 raffle $100 tickets and draw a winner for the truck?

Thank you