House File 2082

                                       HOUSE FILE       
                                       BY  LUKAN


    Passed House, Date                Passed Senate,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act exempting the amounts received from bingo games operated
  2    by certain tax=exempt entities from sales and use taxes.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5876YH 80
  5 mg/sh/8

PAG LIN

  1  1    Section 1.  Section 423.3, as enacted by 2003 Iowa Acts,
  1  2 First Extraordinary Session, chapter 2, section 96, is amended
  1  3 by adding the following new subsection:
  1  4    NEW SUBSECTION.  78A.  The sales price derived from the
  1  5 operation of all forms of bingo games, as defined in chapter
  1  6 99B, operated or conducted within the state by an entity which
  1  7 is exempt from federal income taxation pursuant to section
  1  8 501(c)(3) of the Internal Revenue Code where the proceeds are
  1  9 used for the purposes of the nonprofit entity.
  1 10    This exemption applies to the extent the tax is imposed
  1 11 under section 423.2, subsection 4, but for this subsection, on
  1 12 bingo game operations.
  1 13                           EXPLANATION
  1 14    This bill exempts the amounts derived from the operation of
  1 15 bingo games from the sales and use taxes, if the bingo games
  1 16 are operated by an entity which is exempt from federal income
  1 17 taxation pursuant to section 501(c)(3) of the Internal Revenue
  1 18 Code.  These entities include educational, religious,
  1 19 charitable, literary, and scientific organizations.
  1 20 LSB 5876YH 80
  1 21 mg/sh/8
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