Bill Text: IA HF2077 | 2017-2018 | 87th General Assembly | Introduced
Bill Title: A bill for an act relating to purse agreements concerning horse racing regulated by the racing and gaming commission. (See HF 2439.)
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-03-12 - Withdrawn. H.J. 566. [HF2077 Detail]
Download: Iowa-2017-HF2077-Introduced.html
House File 2077 - Introduced HOUSE FILE BY HIGHFILL A BILL FOR 1 An Act relating to purse agreements concerning horse racing 2 regulated by the racing and gaming commission. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5432YH (4) 87 ec/rn PAG LIN 1 1 Section 1. Section 99F.6, subsection 4, paragraph a, 1 2 subparagraph (3), Code 2018, is amended to read as follows: 1 3 (3) The commission shall authorize, subject to the debt 1 4 payments for horse racetracks and the provisions of paragraph 1 5 "b" for dog racetracks, a licensee who is also licensed to 1 6 conduct pari=mutuel dog or horse racing to use receipts from 1 7 gambling games within the racetrack enclosure to supplement 1 8 purses for races particularly for Iowa=bred horses pursuant to 1 9 an agreement which shall be negotiated between the licensee and 1 10 representatives of the dog or horse owners. For agreements 1 11 subject to commission approval concerning purses for horse 1 12 racing beginning on or after January 1, 2006, the agreements 1 13 shall be negotiated between the licensee authorized to 1 14 conduct horse racing, an applicable contributory licensee, 1 15 and representatives of horse owners, and shall provide that 1 16 total annual purses for all horse racing shall be no less 1 17 than eleven percent of the first two hundred million dollars 1 18 of net receipts, and six percent of net receipts above two 1 19 hundred million dollars, of the licensee and any applicable 1 20 contributory licensee. In addition, live standardbred horse 1 21 racing shall not be conducted at the horse racetrack in Polk 1 22 county, but the purse moneys designated for standardbred racing 1 23 pursuant to section 99D.7, subsection 5, paragraph "b", shall be 1 24 included in calculating the total annual purses required to be 1 25 paid pursuant to this subsection. Agreements that are subject 1 26 to commission approval concerning horse purses for a period of 1 27 time beginning on or after January 1, 2006, shall be jointly 1 28 submitted to the commission for approval. 1 29 Sec. 2. Section 99F.6, subsection 4, paragraph a, 1 30 subparagraph (5), Code 2018, is amended to read as follows: 1 31 (5) For purposes of this paragraph,: 1 32 (a) "Contributory licensee" means a licensee who is not 1 33 licensed to conduct pari=mutuel dog or horse racing that is 1 34 located within thirty=five miles of the horse racetrack in Polk 1 35 county. 2 1 (b)"net"Net receipts" means the annual adjusted gross 2 2 receipts from all gambling games less the annual amount of 2 3 money pledged by the owner of the facility to fund a project 2 4 approved to receive vision Iowa funds as of July 1, 2004. 2 5 EXPLANATION 2 6 The inclusion of this explanation does not constitute agreement with 2 7 the explanation's substance by the members of the general assembly. 2 8 This bill concerns purse agreements relating to horse racing 2 9 governed by the racing and gaming commission. 2 10 Code section 99F.6, concerning requirements of an applicant 2 11 licensed to conduct gambling games, is amended relative to 2 12 agreements governing purses for horse racing conducted at the 2 13 horse racetrack located in Polk county. The bill defines 2 14 "contributory licensee" as a gambling games licensee that 2 15 does not conduct horse or dog races that is located within 35 2 16 miles of the racetrack in Polk county. The bill then provides 2 17 that any agreement governing purses for horse racing shall be 2 18 negotiated between the licensee of the horse racetrack, any 2 19 contributory licensee, and horse owners and further provides 2 20 that receipts from gambling games at the contributory licensee 2 21 shall also be used to determine the total annual purses for all 2 22 horse racing. LSB 5432YH (4) 87 ec/rn