Text: HSB00248                          Text: HSB00250
Text: HSB00200 - HSB00299               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 249

Bill Text

PAG LIN
  1  1    Section 1.  Section 99E.10, subsection 1, unnumbered
  1  2 paragraph 1, Code 1999, is amended to read as follows:
  1  3    Upon receipt of any revenue, the commissioner shall deposit
  1  4 the moneys in the lottery fund created pursuant to section
  1  5 99E.20.  As nearly as is practicable, at least fifty percent
  1  6 of the projected annual revenue, after deduction of the amount
  1  7 of the sales tax, accruing from the sale of tickets or shares
  1  8 is appropriated for payment of prizes to the holders of
  1  9 winning tickets.  After the payment of prizes, all of the
  1 10 following shall be deducted from lottery revenue prior to
  1 11 disbursement:
  1 12    Sec. 2.  Section 99E.10, subsection 1, paragraph b, Code
  1 13 1999, is amended by striking the paragraph.
  1 14    Sec. 3.  Section 99E.10, subsection 1, unnumbered paragraph
  1 15 2, Code 1999, is amended to read as follows:
  1 16    Lottery expenses for marketing, educational, and
  1 17 informational material shall not exceed four three and eight-
  1 18 tenths percent of the lottery revenue.
  1 19    Sec. 4.  Section 422.43, subsection 2, Code 1999, is
  1 20 amended to read as follows:
  1 21    2.  There is imposed a tax of five percent upon the gross
  1 22 receipts derived from the operation of all forms of amusement
  1 23 devices and games of skill, games of chance, raffles, and
  1 24 bingo games as defined in chapter 99B, operated or conducted
  1 25 within the state, the tax to be collected from the operator in
  1 26 the same manner as for the collection of taxes upon the gross
  1 27 receipts of tickets or admission as provided in this section.
  1 28 The tax shall also be imposed upon the gross receipts derived
  1 29 from the sale of lottery tickets or shares pursuant to chapter
  1 30 99E.  The tax on the lottery tickets or shares shall be
  1 31 included in the sales price and distributed to the general
  1 32 fund as provided in section 99E.10.
  1 33    Sec. 5.  Section 422.45, Code 1999, is amended by adding
  1 34 the following new subsection:
  1 35    NEW SUBSECTION.  55.  The gross receipts derived from the
  2  1 sale of lottery tickets or shares pursuant to chapter 99E.  
  2  2                           EXPLANATION 
  2  3    The bill eliminates the state sales tax on lottery tickets
  2  4 or shares and reduces the amount of lottery expenses for
  2  5 marketing, educational, and informational material from 4.0
  2  6 percent to 3.8 percent of lottery revenue.  
  2  7 LSB 2986HC 78
  2  8 mg/jw/5
     

Text: HSB00248                          Text: HSB00250
Text: HSB00200 - HSB00299               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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