HF 693 (LSB 2232YH (1) 91)

HOUSE FILE 693

BY  SIEGRIST

A BILL FOR

An Act concerning the use of moneys in the county endowment fund for charitable organizations located in this state.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 15E.311, subsection 4, paragraph a, Code 2025, is amended to read as follows:
   a.  “Charitable organization” means an organization located in this state that is described in section 501(c)(3) of the Internal Revenue Code that is exempt from taxation under section 501(a) of the Internal Revenue Code or an organization located in this state that is established for a charitable purpose.
    Sec. 2.  Section 633.358, subsection 2, unnumbered paragraph 1, Code 2025, is amended to read as follows:
   If a charitable organization, as defined in section 15E.311, is a beneficiary of an interest in property created by beneficiary designation, that charitable organization may present an affidavit to the holder of the property or to any person with information about the property for the purpose of obtaining the property or information regarding the property. The affidavit shall state all of the following:
    Sec. 3.  Section 633.358, subsection 2, paragraph d, Code 2025, is amended to read as follows:
   d.  The charitable organization is a charitable organization as defined in section 15E.311 an organization that is described in section 501(c)(3) of the Internal Revenue Code that is exempt from taxation under section 501(a) of the Internal Revenue Code or an organization that is established for a charitable purpose.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   Under current law, 0.8 percent of the adjusted gross receipts tax from gambling games (Code section 99F.11) is deposited in the county endowment fund (fund). Each fiscal year, the department of revenue divides moneys in the fund equally among counties in which no licensee authorized to conduct gambling games under Code chapter 99F is located, to distribute 75 percent as grants to charitable organizations for charitable purposes in that county and to retain 25 percent for use in establishing a permanent endowment fund for the benefit of charitable organizations for charitable purposes. This bill narrows the definition of “charitable organization” for purposes of the fund to only those located in this state.
   The bill alters a provision of the probate code (Code chapter 633) relating to charitable organization affidavits for purposes of obtaining property or information regarding property, so that it is not similarly narrowed by reference.