Statutes > Iowa Statutes > Title 3 - Public Services and Regulation > Subtitle 4 - Gambling > CHAPTER 99G - IOWA LOTTERY AUTHORITY > 99G.4 - IOWA LOTTERY AUTHORITY CREATED.

99G.4 - IOWA LOTTERY AUTHORITY CREATED.

        99G.4  IOWA LOTTERY AUTHORITY CREATED.
         1.  An Iowa lottery authority is created, effective September 1,
      2003, which shall administer the state lottery.  The authority shall
      be deemed to be a public authority and an instrumentality of the
      state, and not a state agency.  However, the authority shall be
      considered a state agency for purposes of chapters 17A, 21, 22, 28E,
      68B, 91B, 97B, 509A, and 669.
         2.  The income and property of the authority shall be exempt from
      all state and local taxes, and the sale of lottery tickets and shares
      issued and sold by the authority and its retail licensees shall be
      exempt from all state and local sales taxes.
         Section History: Recent Form
         2003 Acts, ch 178, §66, 121; 2003 Acts, ch 179, § 142