Bill
Bill > HSB733
IA HSB733
IA HSB733A bill for an act modifying state income tax withholdings for winnings derived from slot machines, and including effective date provisions.
summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill modifies state income tax withholdings for winnings derived from slot machines. Currently, state income tax is required to be withheld from winnings derived from a slot machine in excess of $1,200. The bill strikes the $1,200 threshold requirement, and requires state income tax withholdings only if the slot machine winnings are required to be reported on an information return for federal purposes. An information return is generally a return that sends information to the federal Internal Revenue Service that reports specific transactions but does not calculate the amount of tax owed. The bill takes effect upon enactment.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Ways and Means (House)
Last Action
House Ways and Means Subcommittee (12:30:00 2/26/2026 House Lounge) (on 02/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HSB733 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HSB733.html |
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