House File 382 - Introduced



                                       HOUSE FILE       
                                       BY  RASMUSSEN


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

                                      A BILL FOR

  1 An Act concerning eligibility requirements for an organization to
  2    conduct games of skill, games of chance, and raffles.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1432YH 82
  5 ec/je/5

PAG LIN



  1  1    Section 1.  Section 99B.7, subsection 1, paragraph m,
  1  2 subparagraph (1), Code 2007, is amended to read as follows:
  1  3    (1)  The organization is exempt from federal income taxes
  1  4 under section 501(c)(3), 501(c)(4), 501(c)(5), 501(c)(6),
  1  5 501(c)(7), 501(c)(8), 501(c)(10), or 501(c)(19) of the
  1  6 Internal Revenue Code as defined in section 422.3, or has
  1  7 applied for exempt status to the federal internal revenue
  1  8 service within the previous twelve months and has not been
  1  9 rejected for exempt status as a result of that application;
  1 10 the organization is an agency or instrumentality of the United
  1 11 States government, this state, or a political subdivision of
  1 12 this state,; or, in lieu of an exemption from federal income
  1 13 taxes, the organization is a parent=teacher organization or
  1 14 booster club that is recognized as a fund=raiser and supporter
  1 15 for a school district organized pursuant to chapter 274 or for
  1 16 a school within the school district, in a notarized letter
  1 17 signed by the president of the board of directors, the
  1 18 superintendent of the school district, or a principal of a
  1 19 school within that school district.
  1 20                           EXPLANATION
  1 21    This bill concerns the requirements for an organization to
  1 22 be a qualified organization authorized to conduct games of
  1 23 skill, games of chance, and raffles under Code chapter 99B.
  1 24 The bill provides that an organization is a qualified
  1 25 organization if the organization can show it has applied to
  1 26 the internal revenue service for tax=exempt status and has not
  1 27 been rejected for that status.  Current law requires that the
  1 28 organization show that it is exempt from federal taxes.
  1 29 LSB 1432YH 82
  1 30 ec:rj/je/5.1