Text: S03137 Text: S03139 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 445 as follows: 1 2 #1. Page 6, by inserting after line 31 the 1 3 following: 1 4 "Sec. ___. Section 99F.11, unnumbered paragraph 1, 1 5 Code 1999, is amended to read as follows: 1 6 A tax is imposed on the adjusted gross receipts 1 7 received annually from gambling games authorized under 1 8 this chapter at the rate of five percent on the first 1 9 one million dollars of adjusted gross receipts, at the 1 10 rate of ten percent on the next two million dollars of 1 11 adjusted gross receipts, and at the rate of twenty 1 12 percent on any amount of adjusted gross receipts over 1 13 three million dollars. However, beginning January 1, 1 1419971999, the rate on any amount of adjusted gross 1 15 receipts over three million dollars from gambling 1 16 games at racetrack enclosures istwenty-twotwenty-six 1 17 percentand shall increase by two percent each1 18succeeding calendar year until the rate is thirty-six1 19percent. The taxes imposed by this section shall be 1 20 paid by the licensee to the treasurer of state within 1 21 ten days after the close of the day when the wagers 1 22 were made and shall be distributed as follows:" 1 23 #2. Title page, line 14, by inserting after the 1 24 word "licenses," the following: "providing a tax rate 1 25 for gambling receipts at racetrack enclosures,". 1 26 1 27 1 28 1 29 MATT McCOY 1 30 SF 445.208 78 1 31 tj/gg
Text: S03137 Text: S03139 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
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