House File 113 - Introduced HOUSE FILE BY PETTENGILL, LUKAN, S. OLSON, DE BOEF, UPMEYER, STRUYK, ALONS, HORBACH, DRAKE, DEYOE, and PAULSEN 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 1606HH 83 5 ak/mg:sc/14 PAG LIN 1 1 Section 1. Section 423.2, subsection 6, unnumbered 1 2 paragraph 1, Code 2009, is amended to read as follows: 1 3 The sales price of any of the following enumerated services 1 4 is subject to the tax imposed by subsection 5: alteration and 1 5 garment repair; armored car; vehicle repair; battery, tire, 1 6 and allied;investment counseling;service charges of all 1 7 financial institutions, excluding service charges for 1 8 investment counseling; barber and beauty; boat repair; vehicle 1 9 wash and wax; campgrounds; carpentry; roof, shingle, and glass 1 10 repair; dance schools and dance studios; dating services; dry 1 11 cleaning, pressing, dyeing, and laundering; electrical and 1 12 electronic repair and installation; excavating and grading; 1 13 farm implement repair of all kinds; flying service; furniture, 1 14 rug, carpet, and upholstery repair and cleaning; fur storage 1 15 and repair; golf and country clubs and all commercial 1 16 recreation; gun and camera repair; house and building moving; 1 17 household appliance, television, and radio repair; janitorial 1 18 and building maintenance or cleaning; jewelry and watch 1 19 repair; lawn care, landscaping, and tree trimming and removal; 1 20 limousine service, including driver; machine operator; machine 1 21 repair of all kinds; motor repair; motorcycle, scooter, and 1 22 bicycle repair; oilers and lubricators; office and business 1 23 machine repair; painting, papering, and interior decorating; 1 24 parking facilities; pay television; pet grooming; pipe fitting 1 25 and plumbing; wood preparation; executive search agencies; 1 26 private employment agencies, excluding services for placing a 1 27 person in employment where the principal place of employment 1 28 of that person is to be located outside of the state; 1 29 reflexology; security and detective services; sewage services 1 30 for nonresidential commercial operations; sewing and 1 31 stitching; shoe repair and shoeshine; sign construction and 1 32 installation; storage of household goods, mini=storage, and 1 33 warehousing of raw agricultural products; swimming pool 1 34 cleaning and maintenance; tanning beds or salons; taxidermy 1 35 services; telephone answering service; test laboratories, 2 1 including mobile testing laboratories and field testing by 2 2 testing laboratories, and excluding tests on humans or 2 3 animals; termite, bug, roach, and pest eradicators; tin and 2 4 sheet metal repair; transportation service consisting of the 2 5 rental of recreational vehicles or recreational boats, or the 2 6 rental of motor vehicles subject to registration which are 2 7 registered for a gross weight of thirteen tons or less for a 2 8 period of sixty days or less, or the rental of aircraft for a 2 9 period of sixty days or less; Turkish baths, massage, and 2 10 reducing salons, excluding services provided by massage 2 11 therapists licensed under chapter 152C; water conditioning and 2 12 softening; weighing; welding; well drilling; wrapping, 2 13 packing, and packaging of merchandise other than processed 2 14 meat, fish, fowl, and vegetables; wrecking service; wrecker 2 15 and towing. 2 16 EXPLANATION 2 17 This bill exempts the furnishing of investment counseling 2 18 services from state sales tax. 2 19 LSB 1606HH 83 2 20 ak/mg:sc/14