SF 605: Relating to state income tax withholdings on winnings from sports wagering, and including effective date provisions

What it does

This bill specifies all winnings from sports wagering are considered Iowa earned income and subject to Iowa and federal income tax laws. If sports wagering winnings are subject to federal income tax withholding, the bill requires Iowa state income tax be withheld from the winnings. The bill takes effect on January 1, 2026.

Senate subcommittee · named February 19, 2025

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Department of Revenue

In plain words

1. February 18, 2025Filed in the Senate and sent to the Ways and Means committee · as SSB 1152
2. February 19, 2025Senate subcommittee named: Dawson, Bisignano and Rowley · as SSB 1152
3. February 25, 2025Subcommittee recommended passing it · as SSB 1152
4. March 11, 2025Approved by the Senate committee, and given a new number: SF 605 · as SSB 1152
5. March 12, 2025Filed in the Senate
6. March 12, 2025Approved by the Senate committee
7. March 18, 2025Passed the Senate, 48–0
8. March 19, 2025Took the place of HF 794 on the House floor (the same legislation)
9. March 19, 2025Passed the House, 96–0
10. March 28, 2025Sent to the Governor
11. March 28, 2025Signed into law