Text: SF02096 Text: SF02098 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code Supplement 1995, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 50. The gross receipts from the sale of
1 4 property which is a container, label, carton, pallet, packing
1 5 case, wrapping, baling wire, twine, bag, bottle, shipping
1 6 case, or other similar article or receptacle sold for use in
1 7 agricultural, livestock, or dairy production.
1 8 Sec. 2. APPLICABILITY. This Act applies to sales
1 9 occurring on or after July 1, 1996.
1 10 EXPLANATION
1 11 The bill establishes a sales and use tax exemption for
1 12 packaging materials such as twine, wrapping, baling wire, and
1 13 containers used in agricultural, livestock, or dairy
1 14 production. The exemption would also apply to producers of
1 15 ornamental, flowering, or vegetable plants in commercial
1 16 greenhouses or other places which are for sale in the ordinary
1 17 course of business since that activity is considered
1 18 agricultural production as a result of enactment during the
1 19 1995 Session. The bill applies to sales occurring on or after
1 20 July 1, 1996.
1 21 LSB 3271SV 76
1 22 sc/sc/14.1
Text: SF02096 Text: SF02098 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: Senate Bills and Amendments (76th General Assembly)
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Wed May 1 06:50:03 CDT 1996
URL: /DOCS/GA/76GA/Legislation/SF/02000/SF02097/960129.html
jhf