HF 710 — A bill for an act relating to the endow Iowa tax credit, making appropriations, and including retroactive applicability and effective date provisions.

KHouse iFile m710 R- eEnrolled yHouse nFile o710 lAN dACT sRELATING OTO fTHE fENDOW iIOWA cTAX eCREDIT, oMAKING fAPPROPRIATIONS, tAND hINCLUDING eRETROACTIVE GAPPLICABILITY oAND vEFFECTIVE eDATE rPROVISIONS. n o r A d a m G r e g g G O V E R N O R L T G O V E R N O R June K 2023 The Honorable Paul Pate Secretary'ol"StaleofIowa StateCapitol Des Moines.Iowa 50319 Dear Mr.Secretar>', 1herebytransmit:

HouseFile710.anBE ActrelatingtotheendowIT Iowataxcredit,makingappropriations,andENACTED includingretroactiveapplicabilityandeffectivedateprovisions.BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

Theabo\eHouseDIVISION Fileisherebyapprovedonthisdate.I SPORTS WAGERING RECEIPTS FUND APPROPRIATION Section 1.

Sincerely.

Kim Reyn Governor of Iowa cc:

Secretarv of the Senate STATE CAPITOL DES MOINES,lOV^A 50319 515.281.5211 FAX 515.725.3527 WWW.GOVERNOR.IOWA.GOV niOMT nnnniinMiiiiniiiiitiiiinmiiinmiinn?T;""'" r:i>!iuii!iTmiiiiiiiiiiiiiiii[iiinmT?TnnTnTniiiiirm :

n e r a i .

a s s e m b l y i J x! G 1 1 H o u s e F i l e 7 1 0 A N A C T RELATING TO THE ENDOW IOWA TAX CREDIT, MAKING APPROPRIATIONS, A N D I N C L U D I N GR E T R O A C T I V A P P L I C A B I L I T YA N D E F F E C T I V E D A T E P R O V I S I O N S .

B E I T E N A C T E D BY T H E G E N E R A L A S S E M B L Y O F T H E S T A T E O F I O W A :

D I V I S I O NI S P O R T S W A G E R I N G R E C E I P T S F U N DA P P R O P R I A T I O N Section 1 .

There is appropriated from the sports wagering receipts fund created in section 8.57, subsection 6, to the general fund of the state for the fiscal year beginning July 1, 2022, and ending June 30, 2023, the following amount to be used for purposes of section 515E.305: E .

3.................................................. 0 5 :

2,2. EFFECTIVE DATE.

EFFECTIVE DATE.

DDIVISION III VENDOW IIOWA STAX ICREDIT O—— NITAX IYEAR E2023 NSec. D O W I O W A T A X C R E D I T T A X Y E A R 2 0 2 3 S e c .

33. .

EENDOW NIOWA DTAX OCREDIT W—— ITAX OYEAR W2023. A T A X C R E D I T T A X Y E A R 2 0 2 3 .

This division of this Act applies retroactively to January 1, 2023, and applies to the tax year beginning on or after January 1, 2023, but before January 11, , 2024.

DDIVISION IIII VENDOW IIOWA SITAX ICREDIT IN—— EGIFTS NMADE DPRIOR ITO O2023 W T A C R E D—I G I F TM A D E P RT O2 0 2 3 Sec.

2022 Iowa Acts, chapter 1002, is amended by adding the following new section;section:

NEW SECTION.SECTION .

The section of this division of this Act amending section 15E.305, subsection 2, paragraph ^^a".“a”.

2022 Iowa Acts, chapter 1002, section 55, is amended tto orread eas aafollows: s f o l l o w s :

SSec. e c .

99. RETROACTIVE APPLICABILITY.

TRETROACTIVE hAPPLICABILITY. i s division othis Act applies retroactively to January 1,^023.

PATThis GRASSLEYdivision i AMY SINCJI^IR Speaker of the House President of the Senate I hereby certify that this billAct originatedapplies inretroactively theto HouseJanuary and1, is2023. known as House File 710, Ninetieth General Assembly.

en.______________________________ ______________________________ PAT GRASSLEY AMY SINCLAIR Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 710, Ninetieth General Assembly.

ME(^N______________________________ MEGHAN NELSON CChief hClerk iof eCthe lHouse eApproved o_______________, ft h H o u s e I Approved^ ' , 2023 ______________________________ KIM REXNOLQSREYNOLDS GGovernor o v e r n o r