240.10 LICENSE FEES.

182 words·~1 min read·/mn/chapter-240/240-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The fee for a class A license is $253,000 per year and must be remitted on July 1. The fee for a class B license is $500 for each assigned racing day and $100 for each day on which simulcasting is authorized and must be remitted on July 1. The fee for a class D license is $50 for each assigned racing day on which racing is actually conducted. Fees imposed on class D licenses must be paid to the commission at a time and in a manner as provided by rule of the commission.

(b)The commission shall by rule establish an annual license fee for each occupation it licenses under section 240.08 .

(c)The initial annual license application fee for a class C license to provide advance deposit wagering on horse racing under this chapter is $10,000 and an annual license fee of $2,500 applies thereafter.

(d)Notwithstanding section 16A.1283 , the commission shall by rule establish an annual license fee for each type of racing or gaming-related vendor it licenses, not to exceed $2,500.