Bills › 89th General Assembly
Appropriating a portion of certain tax receipts concerning internet fantasy sports contests and sports wagering to the county endowment fund
Where it is now
- Done: IntroducedFebruary 16, 2022
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary A portion of the taxes collected from online fantasy sports and sports betting would now go into a county endowment fund. Currently, all of that tax money goes into a different fund used for sports wagering. This change would split the money between the two different accounts.1
Read the official explanation
This bill provides that, of taxes collected, percent of internet fantasy sports contest adjusted revenues and percent of sports wagering net receipts shall be deposited in the county endowment fund created in Code section 15E.311 prior to the remaining taxes received for internet fantasy sports contests and sports wagering being credited to the sports wagering receipts fund created in Code section 8.57. Currently, all tax revenue for internet fantasy sports contests and sports wagering is credited to the sports wagering receipts fund.
Iowa Code it changes
Lobbying
0 for · 0 against · 2 undecided · Who →