Bill Text: IA SF2237 | 2011-2012 | 84th General Assembly | Introduced

Iowa Senate Bill 2237 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: A bill for an act relating to social and charitable gambling concerning allowable prizes at annual game nights conducted by religious organizations and concerning the frequency of reporting and distribution of proceeds requirements for certain qualified organizations licensed to conduct social and charitable gambling. (Formerly SSB 3017.) Effective 7-1-12.

Spectrum: Committee Bill

Status: (Passed) 2012-05-25 - Signed by Governor. S.J. 949. [SF2237 Detail]

Download: Iowa-2011-SF2237-Introduced.html

Senate File 2237 - Introduced SENATE FILE 2237 BY COMMITTEE ON STATE GOVERNMENT (SUCCESSOR TO SSB 3017) A BILL FOR An Act concerning the frequency of reporting and distribution 1 of proceeds requirements for certain qualified organizations 2 licensed to conduct social and charitable gambling. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5280SV (1) 84 ec/nh

S.F. 2237 Section 1. Section 99B.2, subsection 4, Code 2011, is 1 amended to read as follows: 2 4. A licensee required by subsection 2 to maintain records 3 shall submit an annual report to the department on forms 4 furnished by the department. The annual report shall be due 5 thirty days following the end of each state fiscal year. The 6 annual report shall contain a compilation of the information 7 required to be recorded by subsection 2 , and shall include 8 all of the transactions occurring during the previous state 9 fiscal year for which the report is submitted. Failure to 10 submit the annual report is grounds for revocation of the 11 license. Willful failure to submit the annual report is a 12 serious misdemeanor. A person who intentionally files a false 13 or fraudulent report or application with the department commits 14 a fraudulent practice. 15 Sec. 2. Section 99B.7, subsection 3, paragraph c, Code 16 Supplement 2011, is amended to read as follows: 17 c. (1) A qualified organization shall distribute amounts 18 awarded as prizes on the day they are won. A qualified 19 organization shall dedicate and distribute the balance of the 20 net receipts received within a quarter state fiscal year and 21 remaining after deduction of reasonable expenses, charges, 22 fees, taxes, and deductions allowed by this chapter , before the 23 quarterly annual report required for that quarter state fiscal 24 year under section 99B.2, subsection 4 , is due. The amount 25 dedicated and distributed must equal at least seventy-five 26 percent of the net receipts. A person desiring to hold the 27 net receipts for a period longer than permitted under this 28 paragraph shall apply to the department for special permission 29 and upon good cause shown the department may grant the request. 30 (2) If permission is granted to hold the net receipts, the 31 person shall, as a part of the quarterly annual report required 32 by section 99B.2 , report the amount of money currently being 33 held and all expenditures of the funds. This report shall be 34 filed even if the person no longer holds a gambling license. 35 -1- LSB 5280SV (1) 84 ec/nh 1/ 3

S.F. 2237 Sec. 3. Section 99B.7B, subsection 3, paragraphs b and c, 1 Code 2011, are amended to read as follows: 2 b. Each qualified organization representing veterans shall 3 withhold that portion of the gross receipts subject to taxation 4 pursuant to section 423.2, subsection 4 , which shall be kept 5 in a separate account and sent to the state along with the 6 organization’s quarterly annual report required by section 7 99B.2 . 8 c. A qualified organization representing veterans licensed 9 to conduct card game tournaments is allowed to withhold no 10 more than five percent of the gross receipts from each card 11 game tournament for qualified expenses. Qualified expenses 12 include but are not limited to the purchase of supplies and 13 materials used in conducting card games. Any money collected 14 for expenses and not used by the end of the calendar state 15 fiscal year shall be donated for educational, civic, public, 16 charitable, patriotic, or religious uses as described in 17 section 99B.7, subsection 3 , paragraph “b” . The qualified 18 organization representing veterans shall attach a receipt for 19 any donation made to the fourth quarter quarterly annual report 20 required to be submitted pursuant to section 99B.2 . 21 EXPLANATION 22 This bill relates to the annual report required by 23 Code section 99B.2(4) to be submitted to the department of 24 inspections and appeals for licensees authorized to conduct 25 certain social and charitable gambling under Code chapter 99B. 26 Code section 99B.2 is amended to reflect that the fiscal 27 year subject to the annual report is the state fiscal year. 28 In addition, Code sections 99B.7, concerning games conducted 29 by qualified organizations, and 99.7B, concerning card game 30 tournaments conducted by qualified organizations representing 31 veterans, are amended to reflect that the report required 32 to be submitted to the department is an annual, and not a 33 quarterly, report. In addition, Code sections 99B.7 and 99B.7B 34 are amended to provide that moneys collected by qualified 35 -2- LSB 5280SV (1) 84 ec/nh 2/ 3

S.F. 2237 organizations conducting gambling and not used for prizes and 1 expenses shall be donated, unless permission is otherwise 2 granted, by the end of the state fiscal year and noted on 3 the annual report. Current law requires distribution of 4 these moneys by the end of the calendar year for qualified 5 organizations representing veterans conducting card game 6 tournaments and by the end of each quarter year for other 7 qualified organizations. 8 -3- LSB 5280SV (1) 84 ec/nh 3/ 3