Iowa HF 693: A bill for an act concerning the use of moneys in the county endowment fund for charitable organizations located in this state.

Status: Subcommittee reassigned: Jones, Hermanson and Jacoby. (as of 2025-03-26)

State: Iowa · Session: 2025-2026 · Bill: HF 693

Subjects: charitable organizations, county government, endowment funds

Sponsors: SIEGRIST

Bill Text

HouseFile693-Introduced
HOUSEFILE693
BYSIEGRIST
ABILLFOR
AnActconcerningtheuseofmoneysinthecountyendowment1
fundforcharitableorganizationslocatedinthisstate.2
BEITENACTEDBYTHEGENERALASSEMBLYOFTHESTATEOFIOWA:3
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H.F.693
Section1.Section15E.311,subsection4,paragrapha,Code1
2025,isamendedtoreadasfollows:2
a.“Charitableorganization”meansanorganizationlocated
3
inthisstatethatisdescribedinsection501(c)(3)ofthe4
InternalRevenueCodethatisexemptfromtaxationunder5
section501(a)oftheInternalRevenueCodeoranorganization6
locatedinthisstatethatisestablishedforacharitable7
purpose.8
Sec.2.Section633.358,subsection2,unnumberedparagraph9
1,Code2025,isamendedtoreadasfollows:10
Ifacharitableorganization,asdefinedin
section11
15E.311,isabeneficiaryofaninterestinpropertycreated12
bybeneficiarydesignation,thatcharitableorganizationmay13
presentanaffidavittotheholderofthepropertyortoany14
personwithinformationaboutthepropertyforthepurposeof15
obtainingthepropertyorinformationregardingtheproperty.16
Theaffidavitshallstateallofthefollowing:17
Sec.3.Section633.358,subsection2,paragraphd,Code18
2025,isamendedtoreadasfollows:19
d.Thecharitableorganizationisacharitableorganization
20
asdefinedin
section15E.311anorganizationthatisdescribed21
insection501(c)(3)oftheInternalRevenueCodethatis22
exemptfromtaxationundersection501(a)oftheInternal
23
RevenueCodeoranorganizationthatisestablishedfora
24
charitablepurpose.25
EXPLANATION26
Theinclusionofthisexplanationdoesnotconstituteagreementwith27
theexplanation’ssubstancebythemembersofthegeneralassembly.28
Undercurrentlaw,0.8percentoftheadjustedgross29
receiptstaxfromgamblinggames(Codesection99F.11)is30
depositedinthecountyendowmentfund(fund).Eachfiscal31
year,thedepartmentofrevenuedividesmoneysinthefund32
equallyamongcountiesinwhichnolicenseeauthorizedto33
conductgamblinggamesunderCodechapter99Fislocated,to34
distribute75percentasgrantstocharitableorganizationsfor35
-1-
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H.F.693
charitablepurposesinthatcountyandtoretain25percentfor1
useinestablishingapermanentendowmentfundforthebenefit2
ofcharitableorganizationsforcharitablepurposes.This3
billnarrowsthedefinitionof“charitableorganization”for4
purposesofthefundtoonlythoselocatedinthisstate.5
Thebillaltersaprovisionoftheprobatecode(Code6
chapter633)relatingtocharitableorganizationaffidavits7
forpurposesofobtainingpropertyorinformationregarding8
property,sothatitisnotsimilarlynarrowedbyreference.9
-2-
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