Iowa Code 99G.4 – Iowa lottery created
Current as of: 2024 | Check for updates
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1. An Iowa lottery is created which shall be administered by the division.
Terms Used In Iowa Code 99G.4
- Department: means the department of revenue. See Iowa Code 99G.3
- Division: means the Iowa lottery division of the department of revenue. See Iowa Code 99G.3
- property: includes personal and real property. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. The income and property of the department under this chapter shall be exempt from all state and local taxes, and the sale of lottery tickets and shares issued and sold by the division and its retail licensees shall be exempt from all state and local sales taxes.