99G.29 Retailer rental calculations — lottery ticket sales treatment.
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/ia/chapter-99g-iowa-lottery/99g-29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a lottery retailer’s rental payments for the business premises are contractually computed, in whole or in part, on the basis of a percentage of retail sales and such computation of retail sales is not explicitly defined to include sales of tickets or shares in a state-operated or state-managed lottery, only the compensation received by the lottery retailer from the department may be considered the amount of the lottery retail sales for purposes of computing the rental payment.
2003 Acts, ch 178, §82, 121; 2003 Acts, ch 179, §142; 2023 Acts, ch 19, §2332; 2024 Acts, ch 1043, §46