Bill > HF693

This bill modifies two sections of Iowa law concerning charitable organizations and county endowment funds. The first change narrows the definition of a "charitable organization" to only include organizations located within the state of Iowa, specifically those described under section 501(c)(3) of the Internal Revenue Code or organizations established for charitable purposes that are physically situated in Iowa. This definition impacts how moneys from the county endowment fund, which comes from 0.8 percent of adjusted gross receipts tax from gambling games, are distributed. The second part of the bill adjusts a provision in the probate code related to charitable organization affidavits, effectively removing the specific reference to the earlier definition of charitable organization while maintaining language that allows charitable organizations to obtain property or information about property through an affidavit. By removing the cross-reference to the earlier definition, the bill ensures that the probate code provision remains broader and is not similarly restricted to only in-state charitable organizations. These changes appear designed to more precisely define and limit the scope of charitable organizations eligible for certain funds and legal procedures within Iowa.

Budget and Finance

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF693