Text: HF00210 Text: HF00212 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, subsection 38, Code 1995, is
1 2 amended by striking the subsection and inserting in lieu
1 3 thereof the following:
1 4 38. The gross receipts from the sale or rental of
1 5 aircraft; the sale or rental of tangible personal property
1 6 permanently affixed or attached as a component part of the
1 7 aircraft, including but not limited to repair or replacement
1 8 materials or parts; and the gross receipts of all services
1 9 used for aircraft repair, remodeling, and maintenance services
1 10 when such services are performed on aircraft, aircraft
1 11 engines, or aircraft component materials or parts. For the
1 12 purposes of this exemption, "aircraft" means aircraft used in
1 13 a scheduled interstate federal aviation administration-
1 14 certified air carrier operation.
1 15 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 16 which arise from claims resulting from the enactment of this
1 17 amendment to section 422.45, subsection 38, in this Act,
1 18 occurring between July 1, 1988, and June 30, 1995, shall not
1 19 be allowed unless filed prior to October 1, 1995.
1 20 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 21 PROVISION. This Act, being deemed of immediate importance,
1 22 takes effect upon enactment and applies retroactively to July
1 23 1, 1988.
1 24 EXPLANATION
1 25 Current law provides a sales tax exemption for the gross
1 26 receipts from the sale of aircraft for use in a scheduled
1 27 interstate federal aviation administration-certified air
1 28 carrier operation. The bill expands that exemption to include
1 29 the rental of aircraft, the sale or rental of tangible
1 30 personal property permanently affixed as a component part,
1 31 including repair or replacement materials or parts, and the
1 32 gross receipts of all services used for aircraft repair,
1 33 remodeling, and maintenance. The exemption still applies only
1 34 to aircraft used in a scheduled interstate federal aviation
1 35 administration-certified air carrier operation.
2 1 The bill is retroactive to July 1, 1988.
2 2 The bill provides that refunds of taxes, interest, or
2 3 penalties which arise from claims resulting from this Act
2 4 occurring between July 1, 1988, and June 30, 1995, shall not
2 5 be allowed unless filed prior to October 1, 1995.
2 6 LSB 2031HH 76
2 7 js/cf/24
Text: HF00210 Text: HF00212 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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