Senate File 149 - Introduced



                                       SENATE FILE       
                                       BY  JOHNSON


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act exempting the sale of all horses from the sales and use
  2    taxes.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2556SS 81
  5 mg/sh/8

PAG LIN



  1  1    Section 1.  Section 423.3, subsection 14, Code 2005, is
  1  2 amended to read as follows:
  1  3    14.  The sales price from the sales of horses, commonly
  1  4 known as draft horses, when purchased for use and so used as
  1  5 draft horses.
  1  6                           EXPLANATION
  1  7    Presently, a sales and use tax exemption is available for
  1  8 the sale of draft horses only.  This bill exempts the sales of
  1  9 all horses.
  1 10 LSB 2556SS 81
  1 11 mg:rj/sh/8