Text: H09277 Text: H09279 Text: H09200 - H09299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-9257, to the Senate 1 2 amendment, H-9118, to House File 2498, as amended, 1 3 passed, and reprinted by the House, as follows: 1 4 #1. Page 1, line 28, by striking the figure "1998" 1 5 and inserting the following: "1999". 1 6 #2. Page 1, line 36, by striking the figure "1998" 1 7 and inserting the following: "1999". 1 8 #3. Page 2, by striking line 19 and inserting the 1 9 following: "a licensee. 1 10 Sec. ___. Section 99F.11, unnumbered paragraph 1, 1 11 Code 1997, is amended to read as follows 1 12 A tax is imposed on the adjusted gross receipts 1 13 received annually from gambling games authorized under 1 14 this chapter at the rate of five percent on the first 1 15 one million dollars of adjusted gross receipts, at the 1 16 rate of ten percent on the next two million dollars of 1 17 adjusted gross receipts, and at the rate of twenty 1 18 percent on any amount of adjusted gross receipts over 1 19 three million dollars. However, beginningJanuary1 20 July 1,19971998, the rate on any amount of adjusted 1 21 gross receipts over three million dollars from 1 22 gambling games at racetrack enclosures istwenty-two1 23 twenty-four percentand shall increase by two percent1 24each succeeding calendar year until the rate is1 25thirty-six percent. The taxes imposed by this section 1 26 shall be paid by the licensee to the treasurer of 1 27 state within ten days after the close of the day when 1 28 the wagers were made and shall be distributed as 1 29 follows:" 1 30 1 31 1 32 1 33 MURPHY of Dubuque 1 34 HF 2498.345 77 1 35 tj/cf/28
Text: H09277 Text: H09279 Text: H09200 - H09299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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