House
File
2286
-
Introduced
HOUSE
FILE
2286
BY
COMMITTEE
ON
STATE
GOVERNMENT
(SUCCESSOR
TO
HSB
614)
A
BILL
FOR
An
Act
appropriating
certain
tax
receipts
concerning
internet
1
fantasy
sports
contests
and
sports
wagering
to
the
county
2
endowment
fund.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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2286
Section
1.
Section
8.57,
subsection
6,
Code
2022,
is
amended
1
by
adding
the
following
new
paragraphs:
2
NEW
PARAGRAPH
.
f.
For
the
fiscal
year
beginning
July
1,
3
2022,
any
unobligated
and
unencumbered
moneys
in
the
sports
4
wagering
receipts
fund
from
the
previous
fiscal
year
are
5
appropriated
to
the
county
endowment
fund
created
in
section
6
15E.311.
7
NEW
PARAGRAPH
.
g.
This
subsection
is
repealed
June
30,
8
2023.
9
Sec.
2.
Section
15E.311,
subsection
3,
paragraph
a,
Code
10
2022,
is
amended
to
read
as
follows:
11
a.
At
the
end
of
each
fiscal
year,
moneys
in
the
fund
12
shall
be
transferred
into
separate
accounts
within
the
fund
13
and
designated
for
use
by
each
county
in
which
no
licensee
14
authorized
to
conduct
gambling
games
under
chapter
99F
was
15
located
during
that
fiscal
year.
Moneys
transferred
to
16
county
accounts
shall
be
divided
equally
among
the
counties.
17
Moneys
transferred
into
an
account
for
a
county
shall
be
18
transferred
by
the
department
to
an
eligible
county
recipient
19
for
that
county.
Of
the
moneys
transferred,
an
eligible
county
20
recipient
shall
distribute
seventy-five
percent
of
the
moneys
21
as
grants
to
charitable
organizations
for
charitable
purposes
22
in
that
county
and
shall
retain
twenty-five
percent
of
the
23
moneys
for
use
in
establishing
a
permanent
endowment
fund
24
for
the
benefit
of
charitable
organizations
for
charitable
25
purposes.
In
addition,
of
the
moneys
transferred
from
moneys
26
appropriated
to
the
fund
from
the
sports
wagering
receipts
27
fund
created
in
section
8.57,
subsection
6
,
and
distributed,
28
eligible
county
recipients
shall
give
consideration
for
grants,
29
upon
application,
to
a
charitable
organization
that
operates
30
a
racetrack
facility
that
conducts
automobile
races
in
that
31
county.
Of
the
amounts
distributed,
eligible
county
recipients
32
shall
give
special
consideration
to
grants
for
projects
that
33
include
significant
vertical
infrastructure
components
designed
34
to
enhance
quality
of
life
aspects
within
local
communities.
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2286
In
addition,
as
a
condition
of
receiving
a
grant,
the
governing
1
body
of
a
charitable
organization
receiving
a
grant
shall
2
approve
all
expenditures
of
grant
moneys
and
shall
allow
a
3
state
audit
of
expenditures
of
all
grant
moneys.
4
Sec.
3.
Section
99E.6,
subsection
2,
Code
2022,
is
amended
5
to
read
as
follows:
6
2.
The
taxes
imposed
by
this
section
for
internet
fantasy
7
sports
contests
authorized
under
this
chapter
shall
be
paid
by
8
the
internet
fantasy
sports
contest
service
provider
to
the
9
treasurer
of
state
as
determined
by
the
commission
and
shall
be
10
credited
as
provided
in
section
8.57,
subsection
6
deposited
in
11
the
county
endowment
fund
created
in
section
15E.311
.
12
Sec.
4.
Section
99F.11,
subsection
5,
paragraph
b,
Code
13
2022,
is
amended
to
read
as
follows:
14
b.
The
taxes
imposed
by
this
subsection
for
sports
wagering
15
authorized
under
this
chapter
shall
be
paid
by
the
licensed
16
operator
to
the
treasurer
of
state
as
determined
by
the
17
commission
and
shall
be
credited
as
provided
in
section
8.57,
18
subsection
6
deposited
in
the
county
endowment
fund
created
in
19
section
15E.311
.
20
EXPLANATION
21
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
22
the
explanation’s
substance
by
the
members
of
the
general
assembly.
23
This
bill
provides
that
taxes
imposed
and
collected
for
24
internet
fantasy
sports
contests
and
sports
wagering
shall
25
be
deposited
in
the
county
endowment
fund
created
in
Code
26
section
15E.311
and
not
the
sports
wagering
receipts
fund.
27
The
bill
provides
that
for
the
fiscal
year
beginning
July
1,
28
2022,
any
unobligated
and
unencumbered
moneys
in
the
sports
29
wagering
receipts
fund
from
the
previous
fiscal
year
shall
be
30
appropriated
to
the
county
endowment
fund.
The
bill
strikes
a
31
reference
to
the
sports
wagering
receipts
fund
in
Code
section
32
15E.311
and
provides
that
the
sports
wagering
receipts
fund
is
33
repealed
June
30,
2023.
34
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