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House Study Bill 67 - IntroducedA Bill ForAn Act 1concerning the distribution of gambling game receipts
2for charitable purposes.
3BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 99F.6, subsection 4, paragraph a,
2subparagraph (2), Code 2019, is amended to read as follows:
3(2) A qualified sponsoring organization licensed to operate
4gambling games under this chapter shall distribute the receipts
5of all gambling games, less reasonable expenses, charges,
6taxes, fees, and deductions allowed under this chapter, as
7winnings to players or participants or shall distribute the
8receipts for educational, civic, public, charitable, patriotic,
9or religious uses as defined in section 99B.1. A qualified
10sponsoring organization shall provide that any organization
11exempt from federal income taxes under section 501(c)(19) of
12the Internal Revenue Code, as defined in section 422.3, shall
13be eligible for a distribution of adjusted gross receipts for
14educational, civic, public, charitable, patriotic, or religious
15uses as required by this subparagraph. However, a licensee
16to conduct gambling games under this chapter shall, unless an
17operating agreement for an excursion gambling boat otherwise
18provides, distribute at least three percent of the adjusted
19gross receipts for each license year for educational, civic,
20public, charitable, patriotic, or religious uses as defined in
21section 99B.1. However, if a licensee who is also licensed to
22conduct pari-mutuel wagering at a horse racetrack has unpaid
23debt from the pari-mutuel racetrack operations, the first
24receipts of the gambling games operated within the racetrack
25enclosure less reasonable operating expenses, taxes, and fees
26allowed under this chapter shall be first used to pay the
27annual indebtedness.
28EXPLANATION
29The inclusion of this explanation does not constitute agreement with
30the explanation’s substance by the members of the general assembly.
31This bill requires a qualified sponsoring organization
32licensed to operate gambling games under Code chapter 99F to
33provide that any organization exempt from federal income taxes
34under section 501(c)(19) of the Internal Revenue Code shall
35be eligible for a distribution of adjusted gross receipts for
-1-1educational, civic, public, charitable, patriotic, or religious
2uses.
-2-mo/rn
2for charitable purposes.
3BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 99F.6, subsection 4, paragraph a,
2subparagraph (2), Code 2019, is amended to read as follows:
3(2) A qualified sponsoring organization licensed to operate
4gambling games under this chapter shall distribute the receipts
5of all gambling games, less reasonable expenses, charges,
6taxes, fees, and deductions allowed under this chapter, as
7winnings to players or participants or shall distribute the
8receipts for educational, civic, public, charitable, patriotic,
9or religious uses as defined in section 99B.1. A qualified
10sponsoring organization shall provide that any organization
11exempt from federal income taxes under section 501(c)(19) of
12the Internal Revenue Code, as defined in section 422.3, shall
13be eligible for a distribution of adjusted gross receipts for
14educational, civic, public, charitable, patriotic, or religious
15uses as required by this subparagraph. However, a licensee
16to conduct gambling games under this chapter shall, unless an
17operating agreement for an excursion gambling boat otherwise
18provides, distribute at least three percent of the adjusted
19gross receipts for each license year for educational, civic,
20public, charitable, patriotic, or religious uses as defined in
21section 99B.1. However, if a licensee who is also licensed to
22conduct pari-mutuel wagering at a horse racetrack has unpaid
23debt from the pari-mutuel racetrack operations, the first
24receipts of the gambling games operated within the racetrack
25enclosure less reasonable operating expenses, taxes, and fees
26allowed under this chapter shall be first used to pay the
27annual indebtedness.
28EXPLANATION
29The inclusion of this explanation does not constitute agreement with
30the explanation’s substance by the members of the general assembly.
31This bill requires a qualified sponsoring organization
32licensed to operate gambling games under Code chapter 99F to
33provide that any organization exempt from federal income taxes
34under section 501(c)(19) of the Internal Revenue Code shall
35be eligible for a distribution of adjusted gross receipts for
-1-1educational, civic, public, charitable, patriotic, or religious
2uses.
-2-mo/rn