Text: H09278 Text: H09280 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 Senate amendment, 1 2 H-9118, to House File 2498, as amended, passed, and 1 3 reprinted by the House, as follows: 1 4 #1. Page 2, by striking line 19 and inserting the 1 5 following: "a licensee. 1 6 Sec. ___. Section 99F.11, unnumbered paragraph 1, 1 7 Code 1997, is amended to read as follows 1 8 A tax is imposed on the adjusted gross receipts 1 9 received annually from gambling games authorized under 1 10 this chapter at the rate of five percent on the first 1 11 one million dollars of adjusted gross receipts, at the 1 12 rate of ten percent on the next two million dollars of 1 13 adjusted gross receipts, and at the rate of twenty 1 14 percent on any amount of adjusted gross receipts over 1 15 three million dollars. However, beginningJanuary1 16 July 1,19971998, the rate on any amount of adjusted 1 17 gross receipts over three million dollars from 1 18 gambling games at racetrack enclosures istwenty-two1 19 twenty-four percent and shall increaseby two percent1 20 to twenty-six percent for the calendar year 1999 and 1 21 for each succeeding calendar yearuntil the rate is1 22thirty-six percent. The taxes imposed by this section 1 23 shall be paid by the licensee to the treasurer of 1 24 state within ten days after the close of the day when 1 25 the wagers were made and shall be distributed as 1 26 follows:"" 1 27 1 28 1 29 1 30 MURPHY of Dubuque 1 31 HF 2498.344 77 1 32 tj/cf/28
Text: H09278 Text: H09280 Text: H09200 - H09299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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