House Journal: Page 1505: Tuesday, April 29, 2003
Ways and Means Calendar
The House resumed consideration of House File 696, a bill for an
act relating to the payment of taxes and payment of financial
consideration on a contractual basis to the state from adjusted gross
receipts from gambling games at racetrack enclosures and providing
an effective date, previously deferred and found on pages 1492
through 1506 of the House Journal.
Hogg of Linn offered the following amendment H-1513 filed by him
from the floor and moved its adoption:
H-1513
1 Amend House File 696 as follows:
2 1. Page 2, line 3, by inserting after the words
3 "period of time." the following: "If the licensee has
4 failed to cure the breach and the commission, after
5 reasonable notice and hearing, finds that the breach
6 was intentional, the commission may terminate the
7 licensee's license to conduct gambling games at its
8 pari-mutuel racetrack enclosure."
Amendment H-1513 lost.
Hogg of Linn offered the following amendment H-1512 filed by him
from the floor and moved its adoption:
H-1512
1 Amend House File 696 as follows:
2 1. Page 3, by inserting after line 19 the
3 following:
4 "c. "Credit percentage" means the percentage equal
5 to thirty percent minus the rate of tax on any amount
6 of adjusted gross receipts from gambling games over
7 three million dollars as provided in section 99F.11,
8 subsection 2."
9 2. Page 3, line 20, by striking the letter "c.",
10 and inserting the following: "d."
11 3. Page 3, line 26, by striking the letter "d.",
12 and inserting the following: "e."
13 4. Page 4, line 19, by striking the words "ten
14 percent of", and inserting the following: "an amount
15 from each racetrack enclosure equal to the credit
16 percentage multiplied by the".
17 5. Page 4, line 21, by striking the word "each",
18 and inserting the following: "that".
19 6. Page 5, by inserting after line 4 the
20 following:
© 2003 Cornell College and
League of Women Voters of Iowa
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