House File 2004 - Introduced HOUSE FILE BY ROBERTS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act concerning the allocation of gambling tax revenues to the 2 county endowment fund. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5566YH 81 5 ec/je/5 PAG LIN 1 1 Section 1. Section 99F.11, subsection 3, paragraph d, Code 1 2 2005, is amended to read as follows: 1 3 d.One=half of oneOne percent of the adjusted gross 1 4 receipts tax shall be deposited in the county endowment fund 1 5 created in section 15E.311. 1 6 EXPLANATION 1 7 This bill increases from one=half percent to 1 percent the 1 8 amount of gambling tax revenues collected from excursion 1 9 gambling boats and racetracks to be deposited in the county 1 10 endowment fund. The county endowment fund distributes money 1 11 to community foundations in counties without an excursion boat 1 12 or racetrack licensee. 1 13 LSB 5566YH 81 1 14 ec:rj/je/5