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IA SF613
Bill
Status
3/19/2025
Primary Sponsor
Ways & Means
Click for details
AI Summary
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Increases the sports wagering tax rate from 6.75% to 9% and appropriates $8 million annually from sports wagering receipts to the public safety equipment fund starting FY 2026-2027
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Establishes a flat 22% gambling tax rate for excursion boats and gambling structures, and 24.12% for racetrack enclosures, eliminating the current tiered rate structure based on adjusted gross receipts
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Creates the Iowa Horse Racing Fund to receive simulcast horse race tax revenue for distribution to entities subject to federal Horseracing Integrity and Safety Act regulations
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Establishes the Iowa Major Events and Tourism Program with a $15 million appropriation for FY 2025-2026 to provide grants to nonprofit organizations for hosting major athletic contests, conventions, and festivals that generate significant economic impact
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Doubles the annual license fee for excursion gambling boats and gambling structures from $5 to $10 per person capacity and repeals the sports tourism marketing program fund, transferring remaining moneys to the new Iowa Major Events and Tourism Fund
Legislative Description
A bill for an act concerning the regulation and support of leisure activities, including by providing for gambling enforcement, license fees, tax rates, and the use of associated revenue, establishing the Iowa major events and tourism program and fund, modifying the sports tourism marketing and infrastructure program, making appropriations, and including effective date provisions.(Formerly SSB 1157; See SF 625.)
Last Action
Committee report approving bill, renumbered as SF 625. S.J. 818.
4/16/2025