Text: S05375                            Text: S05377
Text: S05300 - S05399                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5376

Amendment Text

PAG LIN
  1  1    Amend Senate File 2143, as passed by the Senate, as
  1  2 follows:
  1  3    #1.  Page 1, by inserting before line 1 the
  1  4 following:
  1  5    "Section 1.  Section 99B.1, Code 1999, is amended
  1  6 by adding the following new subsection:
  1  7    NEW SUBSECTION.  24.  "Unrelated entity" means a
  1  8 person that has a separate and distinct state charter
  1  9 and tax identification number from any other person,
  1 10 and, if the person is an individual, an individual
  1 11 that is not related by law or by consanguinity."
  1 12    #2.  Page 1, by inserting after line 14 the
  1 13 following:
  1 14    "Sec.    .  Section 99B.7, Code 1999, is amended by
  1 15 adding the following new subsection:
  1 16    NEW SUBSECTION.  3A.  If a licensee derives ninety
  1 17 percent or more of its total income from conducting
  1 18 bingo, raffles, or small games of chance, at least
  1 19 seventy-five percent of the licensee's net receipts
  1 20 shall be distributed to an unrelated entity for an
  1 21 educational, civic, public, charitable, patriotic, or
  1 22 religious use."
  1 23    #3.  Title page, line 2, by inserting after the
  1 24 word "raffles" the following:  "and the disposition of
  1 25 receipts from games and raffles".  
  1 26 SF 2143H
  1 27 tj/jg/25
     

Text: S05375                            Text: S05377
Text: S05300 - S05399                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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