House File 2095 - Introduced
HOUSE FILE
BY PETTENGILL, HORBACH,
FORRISTALL, LUKAN,
KAUFMANN, and UPMEYER
Passed House, Date Passed Senate, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act exempting investment counseling services from state sales
2 tax.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
4 TLSB 5252YH 82
5 ak/sc/14
PAG LIN
1 1 Section 1. Section 423.2, subsection 6, unnumbered
1 2 paragraph 1, Code Supplement 2007, is amended to read as
1 3 follows:
1 4 The sales price of any of the following enumerated services
1 5 is subject to the tax imposed by subsection 5: alteration and
1 6 garment repair; armored car; vehicle repair; battery, tire,
1 7 and allied; investment counseling; service charges of all
1 8 financial institutions, excluding service charges for
1 9 investment counseling; barber and beauty; boat repair; vehicle
1 10 wash and wax; campgrounds; carpentry; roof, shingle, and glass
1 11 repair; dance schools and dance studios; dating services; dry
1 12 cleaning, pressing, dyeing, and laundering; electrical and
1 13 electronic repair and installation; excavating and grading;
1 14 farm implement repair of all kinds; flying service; furniture,
1 15 rug, carpet, and upholstery repair and cleaning; fur storage
1 16 and repair; golf and country clubs and all commercial
1 17 recreation; gun and camera repair; house and building moving;
1 18 household appliance, television, and radio repair; janitorial
1 19 and building maintenance or cleaning; jewelry and watch
1 20 repair; lawn care, landscaping, and tree trimming and removal;
1 21 limousine service, including driver; machine operator; machine
1 22 repair of all kinds; motor repair; motorcycle, scooter, and
1 23 bicycle repair; oilers and lubricators; office and business
1 24 machine repair; painting, papering, and interior decorating;
1 25 parking facilities; pay television; pet grooming; pipe fitting
1 26 and plumbing; wood preparation; executive search agencies;
1 27 private employment agencies, excluding services for placing a
1 28 person in employment where the principal place of employment
1 29 of that person is to be located outside of the state;
1 30 reflexology; security and detective services; sewage services
1 31 for nonresidential commercial operations; sewing and
1 32 stitching; shoe repair and shoeshine; sign construction and
1 33 installation; storage of household goods, mini=storage, and
1 34 warehousing of raw agricultural products; swimming pool
1 35 cleaning and maintenance; tanning beds or salons; taxidermy
2 1 services; telephone answering service; test laboratories,
2 2 including mobile testing laboratories and field testing by
2 3 testing laboratories, and excluding tests on humans or
2 4 animals; termite, bug, roach, and pest eradicators; tin and
2 5 sheet metal repair; transportation service consisting of the
2 6 rental of recreational vehicles or recreational boats, or the
2 7 rental of motor vehicles subject to registration which are
2 8 registered for a gross weight of thirteen tons or less for a
2 9 period of sixty days or less, or the rental of aircraft for a
2 10 period of sixty days or less; Turkish baths, massage, and
2 11 reducing salons, excluding services provided by massage
2 12 therapists licensed under chapter 152C; water conditioning and
2 13 softening; weighing; welding; well drilling; wrapping,
2 14 packing, and packaging of merchandise other than processed
2 15 meat, fish, fowl, and vegetables; wrecking service; wrecker
2 16 and towing.
2 17 EXPLANATION
2 18 This bill exempts the furnishing of investment counseling
2 19 services from state sales tax.
2 20 LSB 5252YH 82
2 21 ak/sc/14