Bill Text: IA HF2429 | 2015-2016 | 86th General Assembly | Enrolled

---

Bill Title: A bill for an act concerning gambling game licensure fees, and including penalty and applicability provisions. Effective 7-1-16.

Sponsorship: Committee Bill

Status: (Passed) 2016-04-13 - Signed by Governor. H.J. 641. [HF2429 Detail]

Download: Iowa-2015-HF2429-Enrolled.html

---

House File 2429 - Enrolled




                              HOUSE FILE       
                              BY  COMMITTEE ON WAYS AND
                                  MEANS

                              (SUCCESSOR TO HF 2350)
                              (SUCCESSOR TO HSB 585)
 \5
                                   A BILL FOR
 \1
                                        House File 2429

                             AN 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.


                                                             
                               LINDA UPMEYER
                               Speaker of the House


                                                             
                               PAM JOCHUM
                               President of the Senate
    I hereby certify that this bill originated in the House and
 is known as House File 2429, Eighty=sixth General Assembly.


                                                             
                               CARMINE BOAL
                               Chief Clerk of the House
 Approved                , 2016


                                                             
                               TERRY E. BRANSTAD
                               Governor

                             -1-