99D.14 - RACE MEETINGS -- TAX -- FEES -- TAX EXEMPTION.
99D.14 RACE MEETINGS -- TAX -- FEES -- TAX
EXEMPTION.
1. A licensee under section 99D.9 shall pay the tax imposed by
section 99D.15.
2. A licensee shall pay a regulatory fee to be charged as
provided in this section. In determining the regulatory fee to be
charged as provided under this section, the commission shall use the
amount appropriated to the commission plus the cost of salaries for
no more than two special agents for each racetrack that has not been
issued a table games license under chapter 99F or no more than three
special agents for each racetrack that has been issued a table games
license under chapter 99F, plus any direct and indirect support costs
for the agents, for the division of criminal investigation's
racetrack activities, as the basis for determining the amount of
revenue to be raised from the regulatory fee.
3. The licensee shall also pay to the commission a licensee fee
of two hundred dollars for each racing day of each horse-race or
dog-race meeting for which a license has been issued.
4. No other license tax, permit tax, occupation tax, or racing
fee, shall be levied, assessed, or collected from a licensee by the
state or by a political subdivision, except as provided in this
chapter.
5. No other excise tax shall be levied, assessed, or collected
from the licensee on horse racing, dog racing, pari-mutuel wagering
or admission charges by the state or by a political subdivision,
except as provided in this chapter.
6. Real property used in the operation of a racetrack or
racetrack enclosure which is exempt from property taxation under
another provision of the law, including being exempt because it is
owned by a city, county, state, or charitable or nonprofit entity,
may be subject to real property taxation by any taxing district in
which the real property used in the operation of the racetrack or
racetrack enclosure is located. To subject such real property to
taxation, the taxing authority of the taxing district shall pass a
resolution imposing the tax and, if the resolution is passed prior to
September 1, 1997, shall notify the local assessor and the owner of
record of the real property by September 1, 1997, preceding the
fiscal year in which the real property taxes are due and payable.
The assessed value shall be determined and notice of the assessed
value shall be provided to the county auditor by the local assessor
by October 15, 1997, and the owner may protest the assessed value to
the local board of review by December 1, 1997. For resolutions
passed on or after September 1, 1997, the taxing authority shall
notify the local assessor and owner of record prior to the next
assessment year and the valuation and appeal shall be done in the
manner and time as for other valuations. Property taxes due as a
result of this subsection shall be paid to the county treasurer in
the manner and time as other property taxes. The county treasurer
shall remit the tax revenue to those taxing authorities imposing the
property tax under this subsection. Real property subject to tax as
provided in this subsection shall continue to be taxed until such
time as the taxing authority of the taxing district repeals the
resolution subjecting the property to taxation. Section History: Recent Form
83 Acts, ch 187, § 14; 84 Acts, ch 1266, § 15, 16; 89 Acts, ch
216, §6; 97 Acts, ch 9, §2; 97 Acts, ch 158, §47; 2000 Acts, ch 1229,
§17; 2004 Acts, ch 1136, §13, 14
Referred to in § 12.10, 99D.9, 99D.10, 99D.17, 99F.4A