HF 2469 (LSB 5857YH (2) 88)

HOUSE FILE 2469

BY  GASSMAN

A BILL FOR

An Act exempting from the state sales and use tax the sales price of tangible personal property or specified digital products sold, or services furnished, to a nonprofit nursing facility.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 423.3, Code 2020, is amended by adding the following new subsection:
   NEW SUBSECTION.  27A.  The sales price of tangible personal property or specified digital products sold, or of services furnished, to a nonprofit nursing facility licensed under chapter 135C to be used in the operation of the facility.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill exempts from the state sales and use tax the sales price of tangible personal property or specified digital products sold, or services furnished, to a nonprofit nursing facility licensed under Code chapter 135C to be used in the operation of the facility.
   By operation of Code section 423.6, an item exempt from the imposition of the sales tax is also exempt from the use tax imposed in Code section 423.5.