99B.8 Tax on prizes.
All prizes awarded pursuant to a gambling activity under this chapter are Iowa earned income and are subject to state and federal income tax laws. A person conducting a game of skill, game of chance, bingo, or a raffle shall deduct state income taxes, pursuant to section 422.16, subsection 1, from a cash prize awarded to an individual. An amount deducted from the prize for payment of a state tax shall be remitted to the department of revenue on behalf of the prize winner.
86 Acts, ch 1201, §12
C87, §99B.21
92 Acts, 2nd Ex, ch 1001, §232; 2003 Acts, ch 145, §286; 2015 Acts, ch 99, §35, 56
C2016, §99B.8
Former §99B.8 repealed by
2015 Acts, ch 99, §47
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 99B - SOCIAL AND CHARITABLE GAMBLING
Section 99B.2 - Administrative rules.
Section 99B.3 - License denial, suspension, and revocation.
Section 99B.5 - Allowable forms for payment.
Section 99B.6 - Attorney general and county attorney — prosecution.
Section 99B.7 - Division of criminal investigation.
Section 99B.8 - Tax on prizes.
Section 99B.9A - Exceptions for certain areas.
Section 99B.10 - Electrical and mechanical amusement devices — penalties.
Section 99B.12 - Qualified organization licenses — general provisions — types of licenses.
Section 99B.13 - Licensed qualified organizations — general requirements.
Section 99B.14 - Distribution of proceeds — licensed qualified organizations.
Section 99B.15 - Prizes awarded by licensed qualified organizations.
Section 99B.16 - Records and reports — licensed qualified organization.
Section 99B.18 - Company games.
Section 99B.22 - Bingo conducted at a fair or community festival.
Section 99B.23 - Bingo — licensing exception.
Section 99B.25 - Electronic raffles.
Section 99B.27 - Card game tournaments conducted by qualified organizations representing veterans.
Section 99B.31 - Amusement concessions.
Section 99B.42 - Social gambling general requirements.
Section 99B.43 - Social gambling in licensed alcohol establishments.
Section 99B.44 - Social gambling in public places.
Section 99B.45 - Social gambling between individuals.
Section 99B.52 - Electrical or mechanical amusement devices.
Section 99B.53 - Electrical or mechanical amusement devices — registration required.
Section 99B.54 - Electrical or mechanical amusement devices — criminal penalties.
Section 99B.58 - Electrical or mechanical amusement devices — special fund.