Text: HSB00141 Text: HSB00143 Text: HSB00100 - HSB00199 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.45, subsection 27, paragraph a, 1 2 subparagraph (1), Code 1995, is amended to read as follows: 1 3 (1) "Insurance company" means an insurer organized or 1 4 operating under chapters 508, 514, 515, 518, 519, 520 or 1 5 authorized to do business in Iowa as an insurerand having1 6fifty or more persons employed in this state excluding1 7licensed insurance agents. 1 8 EXPLANATION 1 9 Present law allows an exemption from the state sales and 1 10 use tax for the sale or lease of computers to insurance com- 1 11 panies. The current definition of insurance company, for 1 12 purposes of the exemption, requires that an insurer employ 50 1 13 or more persons in Iowa excluding agents. The bill eliminates 1 14 the requirement in the definition of the number of persons 1 15 employed by such an insurance company in order to be eligible 1 16 for the exemption. 1 17 LSB 2095HC 76 1 18 mg/jw/5
Text: HSB00141 Text: HSB00143 Text: HSB00100 - HSB00199 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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