99D.16 Withholding tax on winnings.
All winnings provided in section 99D.11 are Iowa earned income and are subject to state and federal income tax laws. An amount deducted from winnings for payment of the state tax, pursuant to section 422.16, subsection 1, shall be remitted to the department of revenue on behalf of the individual who won the wager.
87 Acts, ch 214, §1;
92 Acts, 2nd Ex, ch 1001, §233
; 2003 Acts, ch 145, §286
Referred to in §99D.9, 99D.10
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 99D - PARI-MUTUEL WAGERING
Section 99D.3 - Scope of provisions.
Section 99D.4 - Pari-mutuel wagering legalized.
Section 99D.5 - Creation of state racing and gaming commission.
Section 99D.6 - Headquarters, meetings, and election of chairperson — administrator — employees.
Section 99D.8 - Horse or dog racing licenses — applications.
Section 99D.8A - Requirements of applicant — penalty — consent to search.
Section 99D.9 - Licenses — terms and conditions — revocation.
Section 99D.9A - Dog racetrack licensure — discontinuance of live racing requirement — fees.
Section 99D.9B - Iowa greyhound pari-mutuel racing fund.
Section 99D.10 - Bond of licensee.
Section 99D.13 - Unclaimed winnings — appropriation.
Section 99D.14 - Race meetings — tax — fees — tax exemption.
Section 99D.15 - Pari-mutuel wagering taxes — rate — credit.
Section 99D.16 - Withholding tax on winnings.
Section 99D.17 - Use of funds.
Section 99D.19 - Licensees — records, reports, supervision — confidentiality.
Section 99D.20 - Audit of licensee operations.
Section 99D.21 - Annual report of commission.
Section 99D.22 - Native horses or dogs.
Section 99D.23 - Commission veterinarian and chemist.
Section 99D.24 - Prohibited activities — penalty.
Section 99D.25 - Drugging or numbing — exception — tests — reports — penalties.
Section 99D.25A - Administration of furosemide or phenylbutazone.
Section 99D.26 - Forfeiture of property.