$150 per ticket
Only 999 tickets will be sold.
Drawing date will be December 30, 2015 or before if all tickets are sold.
Federal Taxes Paid
Winner chooses Cayenne or Cayman
All Ticket Proceeds benefit OpenDoors of Asheville
The random drawing will take place on or before December 30, 2015. Only 999 tickets will be sold. Once 999 tickets are sold, the raffle will be closed and no additional tickets will be sold. All ticket sales benefit OpenDoors of Asheville, and are NOT tax deductible. Tickets can be sold to employees, Board Members and other affiliated persons. You need not be present to win. An independent accounting firm will supervise the drawing. If 600 tickets are not sold, a full refund will be provided and the raffle will not occur. OpenDoors will pay federal taxes on the raffle winnings at the time of the award and will pay to the IRS, on behalf of the winner, an amount equal to and not to exceed 33.33% of our cost of the vehicle. The tax must be paid not only on the fair market value of the winnings, but also on the tax itself, therefore a grossed up tax rate of 33.33% of the winnings. This may or may not be the actual amount you will owe on your federal taxes. Please consult your tax advisor concerning your specific situation.
Winner is required to pay state and local taxes, tag and title (as applied by the state of residence) on raffle winnings at the time of the award. The award is subject to all applicable federal, state, and local taxes.
The raffle is subject to all applicable federal, state, and local laws and regulations, and is void in Arkansas, Kansas, Hawaii, South Carolina, Utah and wherever prohibited or restricted by law.
Please visit www.opendoorsasheville.org for the complete Official Rules.