Senate Amendment 3082


PAG LIN




     1  1    Amend Senate File 327 as follows:
     1  2 #1.  Page 3, by inserting after line 25 the
     1  3 following:
     1  4    <5A.  By October 1 of the year following the fiscal
     1  5 year in which a qualifying license is issued, and each
     1  6 October 1 thereafter, the commission shall assess each
     1  7 person holding a qualifying license during the
     1  8 previous fiscal year a lottery revenue replacement fee
     1  9 for that fiscal year to be determined as provided by
     1 10 this subsection pursuant to rules adopted by the
     1 11 commission.  The total lottery revenue replacement fee
     1 12 to be assessed in the aggregate to each person holding
     1 13 a qualifying license in the previous fiscal year shall
     1 14 be an amount equal to the difference, if negative, in
     1 15 the revenue deposited in the general fund of the state
     1 16 by the Iowa lottery for the fiscal year prior to the
     1 17 fiscal year in which the first qualifying license is
     1 18 awarded and the fiscal year for which the fee is to be
     1 19 assessed.  For purposes of this subsection, a
     1 20 "qualifying license" is a license issued under section
     1 21 99F.4 to a person holding a licensing certificate
     1 22 issued pursuant to the requirements of this section.>
     1 23 #2.  By renumbering as necessary.
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     1 26                               
     1 27 DAVID JOHNSON
     1 28 SF 327.702 80
     1 29 ec/cl
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