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Text: H04116                            Text: H04118
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House Amendment 4117

Amendment Text

PAG LIN
  1  1    Amend House File 569 as follows:
  1  2    #1.  By striking everything after the enacting
  1  3 clause and inserting the following:
  1  4    "Section 1.  Section 423.4, Code 1995, is amended
  1  5 by adding the following new subsection:
  1  6    NEW SUBSECTION.  16.  Vehicles subject to
  1  7 registration under chapter 321, with a gross vehicle
  1  8 weight rating of less than sixteen thousand pounds,
  1  9 excluding motorcycles and motorized bicycles, under
  1 10 the following conditions:
  1 11    a.  The present purchaser of the vehicle was the
  1 12 prior lessee of the vehicle.
  1 13    b.  The lease of the vehicle was entered into on or
  1 14 after July 1, 1995, and was for a period of twelve
  1 15 months or more.
  1 16    c.  The use tax on the vehicle was paid by the
  1 17 lessor as provided in section 423.6, subsection 1."
  1 18    #2.  Title page, by striking lines 1 and 2 and
  1 19 inserting the following:  "An Act relating to the
  1 20 taxation of leased motor vehicles." 
  1 21 
  1 22 
  1 23                              
  1 24 RANTS of Woodbury
  1 25 
  1 26 
  1 27                              
  1 28 GIPP of Winneshiek
  1 29 
  1 30 
  1 31                              
  1 32 LAMBERTI of Polk
  1 33 HF 569.501 76
  1 34 js/jw
     

Text: H04116                            Text: H04118
Text: H04100 - H04199                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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