Text: SF02061 Text: SF02063 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 99B.7, subsection 1, paragraph m,
1 2 subparagraph (1), Code l999, is amended to read as follows:
1 3 (1) The organization is eligible for exemption from
1 4 federal income taxes under section 501(c)(3), 501(c)(4),
1 5 501(c)(5), 501(c)(6), 501(c)(7), 501(c)(8), 501(c)(10), or
1 6 501(c)(19) of the Internal Revenue Code as defined in section
1 7 422.3, or in lieu of eligibility for exemption from federal
1 8 income taxes, the organization is a parent-teacher
1 9 organization or booster club that is recognized as a
1 10 fundraiser and supporter for a school district organized
1 11 pursuant to chapter 274 in a notarized letter signed by the
1 12 president of the board of directors or the superintendent of
1 13 the school district.
1 14 EXPLANATION
1 15 This bill authorizes an organization such as a parent-
1 16 teacher organization or a booster club of a school district
1 17 organized pursuant to chapter 274 to submit a notarized letter
1 18 signed by the president of the board of directors or the
1 19 superintendent of a school district recognizing the
1 20 organization or club as a fundraiser and supporter for the
1 21 school district as a substitute for eligibility for exemption
1 22 from federal income taxes as a requirement to be a qualified
1 23 organization to conduct raffles and games of skill or chance.
1 24 LSB 5586XS 78
1 25 tj/as/5
Text: SF02061 Text: SF02063 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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