Text: SF00180 Text: SF00182 Text: SF00100 - SF00199 Text: SF 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 or 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. 1 14 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties 1 15 which arise from claims resulting from the enactment of 1 16 section 422.45, subsection 38A, in this Act, occurring between 1 17 July 1, 1988, and June 30, 1995, shall not be allowed unless 1 18 filed prior to October 1, 1995 and shall be limited to twenty- 1 19 five thousand dollars in the aggregate, notwithstanding any 1 20 other provision of law. If the amount of claims totals more 1 21 than twenty-five thousand dollars in the aggregate, the 1 22 department of revenue and finance shall prorate the twenty- 1 23 five thousand dollars among all claimants in relation to the 1 24 amounts of the claimants' valid claims. 1 25 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY 1 26 PROVISION. This Act, being deemed of immediate importance, 1 27 takes effect upon enactment and applies retroactively to July 1 28 1, 1988. 1 29 SF 181 1 30 js/cc/26
Text: SF00180 Text: SF00182 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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