Text: HF00544 Text: HF00546 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code 1995, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 38A. The gross receipts from the sale or
1 4 rental of aircraft; the sale or rental of tangible personal
1 5 property permanently affixed or attached as a component part
1 6 of the aircraft, including but not limited to repair or
1 7 replacement materials of parts; and the gross receipts of all
1 8 services used for aircraft repair, remodeling, and maintenance
1 9 services when such services are performed on aircraft,
1 10 aircraft engines, or aircraft component materials or parts.
1 11 For the purposes of this exemption, "aircraft" means aircraft
1 12 used in a scheduled interstate federal aviation
1 13 administration-certified air carrier operation. This
1 14 subsection applies only to sales, rentals, and services in
1 15 counties with populations of twenty thousand or less.
1 16 Sec. 2. REFUND. Refunds of taxes, interest, or penalties,
1 17 which arise from claims resulting from the enactment of
1 18 section 422.45, subsection 38A, in this Act, occurring between
1 19 July 1, 1988, and June 30, 1995, shall not be allowed unless
1 20 filed prior to October 1, 1995.
1 21 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY.
1 22 This Act, being deemed of immediate importance, takes effect
1 23 upon enactment, and applies retroactively to July 1, 1988.
1 24 EXPLANATION
1 25 This bill provides a sales tax exemption on the sale or
1 26 rental of aircraft, aircraft repair and replacement parts, and
1 27 aircraft services. The exemption is only applicable to sales,
1 28 rentals, and services in counties with populations of 20,000
1 29 or less. A refund claim must be filed prior to October 1,
1 30 1995. The bill is effective upon enactment and retroactive to
1 31 July 1, 1998.
1 32 LSB 1514HV 76
1 33 js/jw/5
Text: HF00544 Text: HF00546 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: House Bills and Amendments (76th General Assembly)
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.state.ia.us.
Last update: Mon Mar 4 09:34:06 CST 1996
URL: http://www2.legis.state.ia.us/GA/76GA/Legislation/HF/00500/HF00545/950327.html
jhf