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Text: HF00210                           Text: HF00212
Text: HF00200 - HF00299                 Text: HF Index
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House File 211

Partial Bill History

Bill Text

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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