(1) No tax may be imposed on the first $50,000 of gross receipts less the amount awarded as cash or merchandise prizes from bingo or amusement games, or any combination thereof, if such activities are conducted by any bona fide charitable or nonprofit organization as defined by this chapter, and if the organization has no paid operating or management personnel.

(2) No tax may be imposed on the first $10,000 of gross receipts less the amount awarded as cash or merchandise prizes from raffles conducted by any bona fide charitable or nonprofit organization as defined in this chapter. (Added by Ord. 98-086 § 2, Sept. 23, 1998, Eff date Oct. 5, 1998).