Text: HSB00056 Text: HSB00058 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, subsection 21, Code 1995, is
1 2 amended by striking the subsection and inserting in lieu
1 3 thereof the following:
1 4 21. The gross receipts from sales or rentals to a printer
1 5 or publisher of the following: acetate; anti-halation
1 6 backing; anti-static spray; base material used as a carrier
1 7 for light sensitive emulsions; blankets; blow-ups; bronze
1 8 powder; carbon tissue; color separations; contacts; continuous
1 9 tone separations; creative art; custom dies and die cutting
1 10 materials; dampening solution; design and styling; diazo
1 11 coating; dot etching; dot etching solutions; drawings; driers;
1 12 duplicate films or prints; electronically digitized images;
1 13 electrotypes; end product of image modulation; engravings;
1 14 etch solutions; film; finished art or final art; fix; fixative
1 15 spray; flying pasters; foils; goldenrod paper; gum; halftones;
1 16 illustrations; ink; ink paste; keylines; lasering images;
1 17 layouts; lettering; line negatives and positives; linotypes;
1 18 lithographic offset plates; magnesium and zinc etchings;
1 19 masking paper; masks; masters; mats; mat service; metal toner;
1 20 models, modeling; mylar; negatives; nonoffset spray; opaque
1 21 film process paper; padding compound; paper stock;
1 22 photographic materials: acids, plastic film, desensitizer
1 23 emulsion, exposure chemicals, fix, developers, paper;
1 24 photography, day rate; photopolymer coating; photographs;
1 25 photostats; photo-display tape; phototypesetter materials; ph-
1 26 indicator sticks; positives; press pack; printing cylinders;
1 27 printing plates, all types; process lettering; proof paper;
1 28 proofs and proof processes, all types; pumice powder;
1 29 purchased author alterations; purchased composition; purchased
1 30 phototypesetting; purchased stripping and paste-ups; red litho
1 31 tape; reducers; screen tints; sketches; stepped plates;
1 32 stereotypes; strip type; tints; tissue overlays; toners;
1 33 transparencies; tympan; typesetting; typography; varnishes;
1 34 veloxes; and any other items used in a like capacity to any of
1 35 the above enumerated items by the printer or publisher to
2 1 complete a finished product for sale at retail. Expendable
2 2 tools and supplies which are not enumerated in this subsection
2 3 are excluded from the exemption.
2 4 Sec. 2. Refunds of taxes, interests, or penalties which
2 5 arise from claims resulting from the enactment of the
2 6 amendment to section 422.45, subsection 21, in this Act, for
2 7 sales and rentals occurring between July 1, 1989, and June 30,
2 8 1995, shall be limited to fifty thousand dollars in the
2 9 aggregate and shall not be allowed unless refund claims are
2 10 filed prior to October 1, 1995, notwithstanding any other
2 11 provision of law. If the amount of claims totals more than
2 12 fifty thousand dollars in the aggregate, the department of
2 13 revenue and finance shall prorate the fifty thousand dollars
2 14 among all claimants in relation to the amounts of the
2 15 claimants' valid claims.
2 16 Sec. 3. This Act, being deemed of immediate importance,
2 17 takes effect upon enactment and applies retroactively to July
2 18 1, 1989, for sales and rentals made on or after that date.
2 19 EXPLANATION
2 20 The bill amends the present sales and use tax exemption of
2 21 sales made by trade shops to printers for use to complete a
2 22 finished product. The bill makes the exemption for sales and
2 23 rentals made by any business to printers and publishers who
2 24 will use the items to complete a product for retail sale. The
2 25 bill identifies approximately 100 specific items that are
2 26 exempt.
2 27 The bill takes effect upon enactment and applies
2 28 retroactively to July 1, 1989, for sales of these items made
2 29 on or after that date. Refund claims resulting from the
2 30 retroactive application of the exemptions are limited to
2 31 $50,000 in the aggregate. Claims will be prorated if in
2 32 excess of $50,000.
2 33 LSB 1505YC 76
2 34 mg/sc/14
Text: HSB00056 Text: HSB00058 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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