Text: SF00166 Text: SF00168 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.45, subsection 26, unnumbered 1 2 paragraph 1, Code 1995, is amended to read as follows: 1 3 The gross receipts from the sale or rental of farm 1 4 machinery and equipment, including auxiliary attachments which 1 5 improve the performance, safety, operation, or efficiency of 1 6 the machinery and equipment and replacement parts, if the 1 7 following conditions are met: 1 8 Sec. 2. Section 422.45, subsection 39, unnumbered 1 9 paragraph 1, Code 1995, is amended to read as follows: 1 10 The gross receipts from the sale or rental of farm 1 11 machinery and equipment, including auxiliary attachments which 1 12 improve the performance, safety, operation, or efficiency of 1 13 the machinery and equipment and replacement parts, if all of 1 14 the following conditions are met: 1 15 EXPLANATION 1 16 This bill provides an exemption from the state sales tax 1 17 for the lease or sale of auxiliary attachments for self- 1 18 propelled and non-self-propelled farm machinery and equipment. 1 19 Current law allows an exemption for the sale or lease of only 1 20 replacement parts for repair or reconstruction of self- 1 21 propelled and non-self-propelled farm machinery and equipment. 1 22 LSB 1644SV 76 1 23 sc/jj/8
Text: SF00166 Text: SF00168 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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