CHAPTER 1091GAMBLING GAME LICENSURE FEESH.F. 2429AN ACT concerning gambling game licensure fees, and including penalty and applicability provisions.Be It Enacted by the General Assembly of the State of Iowa: Section 1. Section 99F.10, subsection 7, Code 2016, is amended to read as follows: 7. In addition to any other fees required by this chapter, a person awarded a new license to conduct gambling games pursuant to section 99F.7 on or after January 1, 2004, shall pay the applicable initial license fee to the commission as provided by this subsection. A person awarded a new license shall pay one-fifth of the applicable initial license fee immediately upon the granting of the license, one-fifth of the applicable initial license fee within one year of the granting of the license, one-fifth of the applicable initial license fee within two years of the granting of the license, one-fifth of the applicable initial license fee within three years of the granting of the license, and the remaining one-fifth of the applicable initial license fee within four years of the granting of the license. However, the license fee provided for in this subsection shall not only apply when a licensed facility is sold and a new license is issued to the purchaser a person for a facility that increases the number of licensed facilities in the applicable county or counties. Fees paid pursuant to this subsection are not refundable to the licensee. For purposes of this subsection, the applicable initial license fee shall be five million dollars if the population of the county where the licensee shall conduct gambling games is fifteen thousand or less based upon the most recent federal decennial census, shall be ten million dollars if the population of the county where the licensee shall conduct gambling games is more than fifteen thousand and less than one hundred thousand based upon the most recent federal decennial census, and shall be twenty million dollars if the population of the county where the licensee shall conduct gambling games is one hundred thousand or more based upon the most recent federal decennial census. Moneys collected by the commission from an initial license fee paid under this subsection shall be deposited in the rebuild Iowa infrastructure fund created in section 8.57. Sec. 2. APPLICABILITY. This Act applies to initial or renewed licenses issued to a qualified sponsoring organization on or after the effective date of this Act.Approved April 13, 2016
The Iowa Legislature > Publications > Search Legislative Documents > Search Result 
Print
Print