Text: S05412                            Text: S05414
Text: S05400 - S05499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

Senate Amendment 5413

Amendment Text

PAG LIN
  1  1    Amend Senate File 2327 as follows:
  1  2    #1.  Page 4, by striking lines 11 through 30, and
  1  3 inserting the following:
  1  4    "Sec.    .  Section 99F.11, unnumbered paragraph 1,
  1  5 Code 2001, 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 14 1997, the rate on any amount of adjusted gross
  1 15 receipts over three million dollars from gambling
  1 16 games at racetrack enclosures is twenty-two thirty-two
  1 17 percent and shall increase by two percent each
  1 18 succeeding calendar year until the rate is thirty-six
  1 19 percent.  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.  By renumbering as necessary.  
  1 24 
  1 25 
  1 26                               
  1 27 DENNIS BLACK
  1 28 SF 2327.501 79
  1 29 tj/pj
     

Text: S05412                            Text: S05414
Text: S05400 - S05499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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