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House File 2548 - IntroducedA Bill ForAn Act 1appropriating certain tax receipts concerning internet
2fantasy sports contests and sports wagering to the county
3endowment fund and for gambling treatment programs.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 8.57, subsection 6, Code 2022, is amended
2by adding the following new paragraphs:
3 NEW PARAGRAPH. f. For the fiscal year beginning July 1,
42022, any unobligated and unencumbered moneys in the sports
5wagering receipts fund from the previous fiscal year are
6appropriated to the county endowment fund created in section
715E.311.
8 NEW PARAGRAPH. g. This subsection is repealed June 30,
92023.
10 Sec. 2. Section 15E.311, subsection 3, paragraph a, Code
112022, is amended to read as follows:
12a. At the end of each fiscal year, moneys in the fund
13shall be transferred into separate accounts within the fund
14and designated for use by each county in which no licensee
15authorized to conduct gambling games under chapter 99F was
16located during that fiscal year. Moneys transferred to
17county accounts shall be divided equally among the counties.
18Moneys transferred into an account for a county shall be
19transferred by the department to an eligible county recipient
20for that county. Of the moneys transferred, an eligible county
21recipient shall distribute seventy-five percent of the moneys
22as grants to charitable organizations for charitable purposes
23in that county and shall retain twenty-five percent of the
24moneys for use in establishing a permanent endowment fund
25for the benefit of charitable organizations for charitable
26purposes. In addition, of the moneys transferred from moneys
27appropriated to the fund from the sports wagering receipts
28fund created in section 8.57, subsection 6, and distributed,
29eligible county recipients shall give consideration for grants,
30upon application, to a charitable organization that operates
31a racetrack facility that conducts automobile races in that
32county. Of the amounts distributed, eligible county recipients
33shall give special consideration to grants for projects that
34include significant vertical infrastructure components designed
35to enhance quality of life aspects within local communities.
-1-1In addition, as a condition of receiving a grant, the governing
2body of a charitable organization receiving a grant shall
3approve all expenditures of grant moneys and shall allow a
4state audit of expenditures of all grant moneys.
5 Sec. 3. Section 99E.6, subsection 2, Code 2022, is amended
6to read as follows:
72. The taxes imposed by this section for internet fantasy
8sports contests authorized under this chapter shall be paid by
9the internet fantasy sports contest service provider to the
10treasurer of state as determined by the commission and shall be
11credited as provided in section 8.57, subsection 6 deposited in
12the county endowment fund created in section 15E.311.
13 Sec. 4. Section 99F.11, subsection 5, paragraph b, Code
142022, is amended to read as follows:
15b. The taxes imposed by this subsection for sports wagering
16authorized under this chapter shall be paid by the licensed
17operator to the treasurer of state as determined by the
18commission and shall be credited as provided in section 8.57,
19subsection 6. distributed as follows:
20(1) One million seven hundred fifty thousand dollars of
21taxes paid is appropriated each fiscal year to the department
22of public health for purposes of the gambling treatment program
23established in section 135.150.
24(2) The remaining amount of taxes paid shall be deposited in
25the county endowment fund created in section 15E.311.
26EXPLANATION
27The inclusion of this explanation does not constitute agreement with
28the explanation’s substance by the members of the general assembly.
29This bill provides that taxes imposed and collected for
30internet fantasy sports contests shall be deposited in the
31county endowment fund created in Code section 15E.311 and not
32the sports wagering receipts fund. The bill also provides
33that taxes imposed and collected for sports wagering shall not
34be deposited in the sports wagering receipts fund. Instead,
35the bill provides that the first $1.75 million of taxes paid
-2-1on sports wagering shall be appropriated to the department of
2public health for purposes of the gambling treatment program
3with the remaining amount of taxes paid deposited in the
4county endowment fund created in Code section 15E.311. The
5bill provides that for the fiscal year beginning July 1,
62022, any unobligated and unencumbered moneys in the sports
7wagering receipts fund from the previous fiscal year shall be
8appropriated to the county endowment fund. The bill strikes a
9reference to the sports wagering receipts fund in Code section
1015E.311 and provides that the sports wagering receipts fund is
11repealed June 30, 2023.
-3-ec/rn
2fantasy sports contests and sports wagering to the county
3endowment fund and for gambling treatment programs.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 8.57, subsection 6, Code 2022, is amended
2by adding the following new paragraphs:
3 NEW PARAGRAPH. f. For the fiscal year beginning July 1,
42022, any unobligated and unencumbered moneys in the sports
5wagering receipts fund from the previous fiscal year are
6appropriated to the county endowment fund created in section
715E.311.
8 NEW PARAGRAPH. g. This subsection is repealed June 30,
92023.
10 Sec. 2. Section 15E.311, subsection 3, paragraph a, Code
112022, is amended to read as follows:
12a. At the end of each fiscal year, moneys in the fund
13shall be transferred into separate accounts within the fund
14and designated for use by each county in which no licensee
15authorized to conduct gambling games under chapter 99F was
16located during that fiscal year. Moneys transferred to
17county accounts shall be divided equally among the counties.
18Moneys transferred into an account for a county shall be
19transferred by the department to an eligible county recipient
20for that county. Of the moneys transferred, an eligible county
21recipient shall distribute seventy-five percent of the moneys
22as grants to charitable organizations for charitable purposes
23in that county and shall retain twenty-five percent of the
24moneys for use in establishing a permanent endowment fund
25for the benefit of charitable organizations for charitable
26purposes. In addition, of the moneys transferred from moneys
27appropriated to the fund from the sports wagering receipts
28fund created in section 8.57, subsection 6, and distributed,
29eligible county recipients shall give consideration for grants,
30upon application, to a charitable organization that operates
31a racetrack facility that conducts automobile races in that
32county. Of the amounts distributed, eligible county recipients
33shall give special consideration to grants for projects that
34include significant vertical infrastructure components designed
35to enhance quality of life aspects within local communities.
-1-1In addition, as a condition of receiving a grant, the governing
2body of a charitable organization receiving a grant shall
3approve all expenditures of grant moneys and shall allow a
4state audit of expenditures of all grant moneys.
5 Sec. 3. Section 99E.6, subsection 2, Code 2022, is amended
6to read as follows:
72. The taxes imposed by this section for internet fantasy
8sports contests authorized under this chapter shall be paid by
9the internet fantasy sports contest service provider to the
10treasurer of state as determined by the commission and shall be
11credited as provided in section 8.57, subsection 6 deposited in
12the county endowment fund created in section 15E.311.
13 Sec. 4. Section 99F.11, subsection 5, paragraph b, Code
142022, is amended to read as follows:
15b. The taxes imposed by this subsection for sports wagering
16authorized under this chapter shall be paid by the licensed
17operator to the treasurer of state as determined by the
18commission and shall be credited as provided in section 8.57,
19subsection 6. distributed as follows:
20(1) One million seven hundred fifty thousand dollars of
21taxes paid is appropriated each fiscal year to the department
22of public health for purposes of the gambling treatment program
23established in section 135.150.
24(2) The remaining amount of taxes paid shall be deposited in
25the county endowment fund created in section 15E.311.
26EXPLANATION
27The inclusion of this explanation does not constitute agreement with
28the explanation’s substance by the members of the general assembly.
29This bill provides that taxes imposed and collected for
30internet fantasy sports contests shall be deposited in the
31county endowment fund created in Code section 15E.311 and not
32the sports wagering receipts fund. The bill also provides
33that taxes imposed and collected for sports wagering shall not
34be deposited in the sports wagering receipts fund. Instead,
35the bill provides that the first $1.75 million of taxes paid
-2-1on sports wagering shall be appropriated to the department of
2public health for purposes of the gambling treatment program
3with the remaining amount of taxes paid deposited in the
4county endowment fund created in Code section 15E.311. The
5bill provides that for the fiscal year beginning July 1,
62022, any unobligated and unencumbered moneys in the sports
7wagering receipts fund from the previous fiscal year shall be
8appropriated to the county endowment fund. The bill strikes a
9reference to the sports wagering receipts fund in Code section
1015E.311 and provides that the sports wagering receipts fund is
11repealed June 30, 2023.
-3-ec/rn