Iowa § 99B.16 - 99B.16 Records and reports — licensed qualified organization.
Full text of Iowa Iowa Code § 99B.16 — 99B.16 Records and reports — licensed qualified organization., with citation guidance and answers to common questions.
§ 99B.16. 99B.16 Records and reports — licensed qualified organization.
1. A qualified organization licensed pursuant to section 99B.12, unless otherwise provided, shall maintain proper books of account and records showing, in addition to any other information required by the department, the following: a. Gross receipts and the amount of the gross receipts taxes collected or accrued with respect to gambling activities conducted by the licensed qualified organization. b. All expenses, charges, fees, and other deductions. c. The cash amounts, or the cost to the licensee of goods or other noncash valuables, distributed to participants in the licensed activity. d. The amounts dedicated and the date and name and address of each person to whom distributed. 2. The books of account and records shall be made available to the department or a law enforcement agency for inspection at reasonable times, with or without notice. A failure to permit inspection is a serious misdemeanor. 3. A licensed qualified organization required to maintain records shall submit an annual report to the department on forms furnished by the department. The annual report shall be submitted by January 31 of each year for the prior calendar year period of January 1 through December 31. 2015 Acts, ch 99, §33, 56 Referred to in §99B.12, 99B.14, 99B.24, 99B.27 Former §99B.16 repealed by 2015 Acts, ch 99, §47 Wed Dec 10 22:37:12 2025 Iowa Code 2026, Section 99B.16 (31, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 99B.16
What does Iowa Code § 99B.16 cover?
Section 99B.16 ("99B.16 Records and reports — licensed qualified organization.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 99B.16?
A common citation format is "Iowa Code § 99B.16" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 99B.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.