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