HF 2224 (LSB 5242HV (2) 88)

HOUSE FILE 2224

BY  COMMITTEE ON STATE GOVERNMENT

(SUCCESSOR TO HSB 508)

A BILL FOR

An Act appropriating certain tax receipts concerning internet fantasy sports contests and sports wagering to the emergency medical services fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 8.57, subsection 6, Code 2020, is amended by adding the following new paragraphs:
   NEW PARAGRAPH.  f.  For the fiscal year beginning July 1, 2020, any unobligated and unencumbered moneys in the sports wagering receipts fund from the previous fiscal year are appropriated to the emergency medical services fund created in section 135.25.
   NEW PARAGRAPH.  g.  This subsection is repealed June 30, 2021.
    Sec. 2.  Section 99E.6, subsection 2, Code 2020, is amended to read as follows:
   2.  The taxes imposed by this section for internet fantasy sports contests authorized under this chapter shall be paid by the internet fantasy sports contest service provider to the treasurer of state as determined by the commission and shall be credited as provided in section 8.57, subsection 6 deposited in the emergency medical services fund created in section 135.25.
    Sec. 3.  Section 99F.11, subsection 4, paragraph b, Code 2020, is amended to read as follows:
   b.  The taxes imposed by this subsection for sports wagering authorized under this chapter shall be paid by the licensed operator to the treasurer of state as determined by the commission and shall be credited as provided in section 8.57, subsection 6 deposited in the emergency medical services fund created in section 135.25.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill provides that taxes imposed and collected for internet fantasy sports contests and sports wagering shall be deposited in the emergency medical services fund created in Code section 135.25 and not the sports wagering receipts fund. The bill provides that for the fiscal year beginning July 1, 2020, any unobligated and unencumbered moneys in the sports wagering receipts fund from the previous fiscal year shall be appropriated to the emergency medical services fund. The bill provides that the sports wagering receipts fund is repealed June 30, 2021.