Iowa Code (Last Updated: December 05, 2016) |
Title III. PUBLIC SERVICES AND REGULATION |
Chapter 99F. GAMBLING BOAT, GAMBLING STRUCTURE, AND RACETRACK REGULATION |
Section 99F.18. Tax on winnings.
Latest version.
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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
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