99F.18 Tax on winnings.
All winnings derived from slot machines operated pursuant to this chapter 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 winner.
92 Acts, 2nd Ex, ch 1001, §235; 2003 Acts, ch 145, §286
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 99F - GAMBLING GAMES AND SPORTS WAGERING REGULATION
Section 99F.2 - Scope of provisions.
Section 99F.3 - Gambling games and sports wagering authorized.
Section 99F.4A - Gambling games at pari-mutuel racetracks — fees and taxes.
Section 99F.4C - Gambling games prohibition area.
Section 99F.4D - Gambling games at gambling structures — requirements — licensing.
Section 99F.6 - Requirements of applicant — fee — penalty.
Section 99F.7 - Licenses — terms and conditions — revocation.
Section 99F.7A - Sports wagering — license — terms and conditions — fees.
Section 99F.8 - Bond of licensee.
Section 99F.9 - Wagering — advance deposit sports wagering — age restrictions.
Section 99F.10 - Regulatory fee — local fees — initial license fee.
Section 99F.11 - Gambling games and sports wagering taxes — rate — allocations.
Section 99F.12 - Licensees — records — reports — supervision — confidentiality.
Section 99F.13 - Annual audit of licensee operations.
Section 99F.14 - Annual report of commission.
Section 99F.15 - Prohibited activities — penalties.
Section 99F.16 - Forfeiture of property.
Section 99F.17 - Distributors and manufacturers — licenses.
Section 99F.17A - Inspection of gambling games or implements of gambling.