House Amendment 8580


PAG LIN




     1  1    Amend House File 2695 as follows:
     1  2 #1.  Page 2, by inserting after line 6 the
     1  3 following:
     1  4    <Sec.    .  Section 423.3, subsection 78,
     1  5 unnumbered paragraph 2, Code Supplement 2007, is
     1  6 amended to read as follows:
     1  7    This exemption does not apply to the sales price
     1  8 from games of skill, games of chance, raffles, and
     1  9 bingo games as defined in chapter 99B.  However, this
     1 10 exemption applies to the sales price from raffles held
     1 11 by public elementary schools in the state.  This
     1 12 exemption is disallowed on the amount of the sales
     1 13 price only to the extent the profits from the sales,
     1 14 rental, or services are not used by or donated to the
     1 15 appropriate entity and expended for educational,
     1 16 religious, or charitable purposes.>
     1 17 #2.  Title page, line 2, by inserting after the
     1 18 word <festivals> the following:  <, raffles,>.
     1 19
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     1 21                               
     1 22 VAN FOSSEN of Scott
     1 23 HF 2695.701 82
     1 24 ec/nh/12582
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