HSB 719: HSB 719

What it does

This bill relates to tax rates on receipts from gambling games. _____ Under current law, if a person licensed under Code chapter 99F (licensee) is an excursion gambling boat or gambling structure, the tax rate imposed each fiscal year on any amount of adjusted gross receipts over $3 million is percent. Under the bill, the tax rate is decreased to percent for FY 2024-2025, percent for FY 2025-2026, and percent for FY 2026-2027 and thereafter. Under current law, if the licensee is a racetrack enclosure conducting gambling games and another licensee that is an excursion gambling boat or gambling structure is located in the same county and the licensee of the racetrack enclosure has not been issued a table games license during the fiscal year or if the adjusted gross receipts from gambling games of the licensee in the prior fiscal year were less than $100 million, the tax rate imposed each fiscal year on any amount of adjusted gross receipts over $3 million is percent.

House subcommittee · named February 20, 2024

• Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
• Rep. Monica Kurth (D) · monica.kurth@legis.iowa.gov
• Rep. Michael V. Sexton (R)

Lobbying · 7 for, 1 against

For: Boyd Gaming & Dubuque Diamond Jo & Diamond Jo Worth; Elite Casino Resorts, LLC; Great River Entertainment; Iowa Gaming Association; Penn Entertainment/Ameristar; Prairie Meadows Racetrack and Casino; Wild Rose Entertainment, LLC

Against: Iowa Behavioral Health Association (IBHA)

In plain words

1. February 20, 2024Filed in the House and sent to the Ways and Means committee
2. February 20, 2024House subcommittee named: Bloomingdale, Kurth and Sexton
3. February 26, 2024Subcommittee recommended passing it