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IA HSB733

SB

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Ways and Means

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Removes the current $1,200 threshold for state income tax withholding on slot machine winnings in Iowa
  • Requires state income tax withholding on slot machine winnings only when the winnings must be reported on a federal information return to the IRS
  • Maintains existing withholding thresholds for other gambling: $600 for lottery and games under chapters 99B/99G, $1,000 for pari-mutuel wagering under chapter 99D
  • Aligns state withholding requirements for slot machines with federal reporting requirements rather than using a fixed dollar threshold
  • Takes effect immediately upon enactment

Legislative Description

A bill for an act modifying state income tax withholdings for winnings derived from slot machines, and including effective date provisions.

Last Action

Subcommittee Meeting: 02/26/2026 12:30PM House Lounge (Cancelled).

2/26/2026

Committee Referrals

Ways and Means2/12/2026

Full Bill Text

No bill text available