701—220.9(423) Raffles.
	220.9(1) For raffles conducted prior to July 1, 2015. Prior to July 1, 2015, the sales price from the sale of tickets for a raffle conducted at a fair pursuant to Iowa Code section 99B.5 is exempt from sales and use tax.
	220.9(2) For raffles conducted on or after July 1, 2015. On or after July 1, 2015, the sales price from the sale of tickets for a raffle licensed and conducted at a fair pursuant to Iowa Code section 99B.24 is exempt from sales and use tax.
This rule is intended to implement 2016 Iowa Code subsection 423.3(62).
[ARC 2512C, IAB 4/27/16, effective 6/1/16; ARC 6508C, IAB 9/7/22, effective 10/12/22]