House File 223 - Introduced HOUSE FILE 223 BY MAXWELL A BILL FOR An Act concerning minimum purse distributions for horse racing, 1 providing fees, and including effective and applicability 2 date provisions. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1896YH (7) 86 ec/nh

H.F. 223 Section 1. Section 99D.7, subsection 5, paragraph b, Code 1 2015, is amended to read as follows: 2 b. The commission shall, beginning January 1, 2012, regulate 3 the purse structure for all horse racing so that seventy-six 4 percent is designated for thoroughbred racing, fifteen and 5 one-quarter percent is designated for quarter horse racing, and 6 eight and three-quarters percent is designated for standardbred 7 racing. However, beginning January 1, 2015, the purse moneys 8 designated for horse racing for each calendar year shall be 9 no less than the purse moneys designated for horse racing 10 during calendar year 2014. Moneys required for horse racing 11 purses as provided in this paragraph in a calendar year in 12 excess of moneys designated for horse purses as provided by 13 section 99F.6, subsection 4, paragraph “a” , subparagraph (3), 14 shall be collected by the commission, and designated for horse 15 racing, as a fee charged to each licensee issued a new license 16 to conduct gambling games under chapter 99F after January 1, 17 2014. The purse moneys designated for standardbred racing may 18 only be used to support standardbred harness racing purses, 19 breeder’s awards, or expenses at the state fair, county fairs, 20 or other harness racing tracks approved by the commission, or 21 for the maintenance, construction, or repair of harness racing 22 tracks located in Iowa and at the fairgrounds for such fairs 23 or other harness racing tracks located in Iowa and approved by 24 the commission. The horse racetrack in Polk county shall not 25 provide funding to support standardbred racing at such county 26 fairs that is not otherwise provided for in this paragraph. 27 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 28 immediate importance, takes effect upon enactment. 29 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 30 retroactively to January 1, 2015. 31 EXPLANATION 32 The inclusion of this explanation does not constitute agreement with 33 the explanation’s substance by the members of the general assembly. 34 This bill provides that, beginning January 1, 2015, the 35 -1- LSB 1896YH (7) 86 ec/nh 1/ 2

H.F. 223 racing and gaming commission, in regulating the purse structure 1 for horse racing, shall require that purse moneys designated 2 for horse racing for each calendar year be no less than the 3 purse moneys designated for horse racing during calendar year 4 2014. Current law provides that the purse moneys designated 5 for horse racing be no less than a certain percentage of gross 6 receipts from gambling games at the gambling games licensee in 7 Polk county. The bill takes effect upon enactment and applies 8 retroactively to January 1, 2015. 9 The bill further provides that if required purse moneys for 10 horse racing exceed the amount designated for horse purses 11 from gambling game receipts, the commission shall collect 12 the difference, to be used for horse racing, as a fee on new 13 gambling game licensees issued a license under Code chapter 99F 14 after January 1, 2014. 15 -2- LSB 1896YH (7) 86 ec/nh 2/ 2