Amendment S-3108 to SF 625
Relating to gambling regulation, including enforcement, license fees, tax rates, and the use of associated revenue, making appropriations, and including effective date provisions
Adopted · April 17, 2025
Filed April 17, 2025 in the Senate by Sen. Dan Dawson (R)
What it changes
- Page 1, before line 1 by inserting: “Section
- Section 8.57, subsection 3, paragraph d, subparagraph (1), Code 2025, is amended by adding the following new subparagraph division: NEW SUBPARAGRAPH DIVISION . (0b) For the fiscal year beginning July 1, 2026, and each fiscal year thereafter, of the wagering tax receipts received pursuant to section 99F.11, the remaining amount shall be credited to the gaming enforcement revolving fund created in section 80.43 until the amount credited to the fund under this subparagraph division equals the amount appropriated from the fund by the general assembly for the fiscal year to the department of public safety for direct support costs for agents and officers of the division of criminal investigation’s excursion gambling boat, gambling structure, and racetrack enclosure enforcement activities, including salaries, support, maintenance, miscellaneous purposes, and full-time equivalent positions.”
- Page 3, line 10, after “fund” by inserting “—— advance deposit wagering tax”
- Page 3, line 14, after “to” by inserting “subsection 6 and”
- Page 3, line 20, by striking “subject to” and inserting “tasked with”
- Page 3, after line 35 by inserting: “
- A tax of two percent is imposed on the gross sum wagered by the pari-mutuel method as an advance deposit wager under section 99D.11, subsection 6, paragraph “c” . The tax imposed under this subsection is in lieu of any tax imposed on such wagers under section 99D.15. The tax revenue generated under this subsection shall be deposited in the fund.”
- By striking page 5, line 23, through page 6, line
- By renumbering as necessary.