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PAG LIN 1 1 Section 1. Section 312.2, subsection 18, Code 1995, is 1 2 amended by striking the subsection. 1 3 Sec. 2. Section 331.557, subsection 3, Code 1995, is 1 4 amended to read as follows: 1 5 3. Collect the use tax on vehicles subject to registration 1 6 as provided in sections 423.6,and423.7, and 423.7A. 1 7 Sec. 3. Section 423.2, Code 1995, is amended to read as 1 8 follows: 1 9 423.2 IMPOSITION OF TAX. 1 10 An excise tax is imposed on the use in this state of 1 11 tangible personal property purchased for use in this state, at 1 12 the rate of five percent of the purchase price of the 1 13 property. An excise tax is imposed on the use of leased 1 14 vehicles at the rate of five percent of the amount otherwise 1 15 subject to tax as calculated pursuant to section 423.7A. The 1 16 excise tax is imposed upon every person using the property 1 17 within this state until the tax has been paid directly to the 1 18 county treasurer or the state department of transportation, to 1 19 a retailer, or to the department. An excise tax is imposed on 1 20 the use in this state of services enumerated in section 422.43 1 21 at the rate of five percent. This tax is applicable where 1 22 services are rendered, furnished, or performed in this state 1 23 or where the product or result of the service is used in this 1 24 state. This tax is imposed on every person using the services 1 25 or the product of the services in this state until the user 1 26 has paid the tax either to an Iowa use tax permit holder or to 1 27 the department. 1 28 Sec. 4. Section 423.4, Code 1995, is amended by adding the 1 29 following new subsection: 1 30 NEW SUBSECTION. 16. Vehicles subject to registration 1 31 under chapter 321, with a gross vehicle weight rating of less 1 32 than sixteen thousand pounds, excluding motorcycles and 1 33 motorized bicycles, when purchased for lease and titled by the 1 34 lessor licensed pursuant to chapter 321F and actually leased 1 35 for a period of twelve months or more if the lease of the 2 1 vehicle is subject to taxation under section 423.7A. 2 2 Sec. 5. Section 423.6, subsection 1, Code 1995, is amended 2 3 to read as follows: 2 4 1. The tax upon the use of all vehicles subject to 2 5 registration or subject only to the issuance of a certificate 2 6 of title shall be collected by the county treasurer or the 2 7 state department of transportation pursuant tosection2 8 sections 423.7 and 423.7A. The county treasurer shall retain 2 9 one dollar from each tax payment collected, to be credited to 2 10 the county general fund. 2 11 Sec. 6. NEW SECTION. 423.7A MOTOR VEHICLE LEASE TAX. 2 12 1. The tax imposed upon the use of leased vehicles subject 2 13 to registration under chapter 321, with gross vehicle weight 2 14 ratings of less than sixteen thousand pounds, excluding 2 15 motorcycles and motorized bicycles, which are leased by a 2 16 lessor licensed pursuant to chapter 321F for a period of 2 17 twelve months or more shall be paid by the owner of the 2 18 vehicle to the county treasurer or state department of 2 19 transportation from whom the registration receipt or 2 20 certificate of title is obtained. A registration receipt for 2 21 a vehicle subject to registration or issuance of a certificate 2 22 of title shall not be issued until the tax is paid in the 2 23 initial instance. 2 24 2. The amount subject to tax shall be computed on each 2 25 separate lease transaction by multiplying the number of months 2 26 of the lease by the monthly lease payments, plus the 2 27 downpayment, less any manufacturer's rebate. The county 2 28 treasurer or the state department of transportation shall 2 29 require every applicant for a registration receipt for a 2 30 vehicle subject to tax under this section to supply informa- 2 31 tion as the county treasurer or director deems necessary as to 2 32 the date of the lease transaction, the lease price, and other 2 33 information relative to the lease of the vehicle. 2 34 3. On or before the tenth day of each month the county 2 35 treasurer or the state department of transportation shall 3 1 remit to the department the amount of the taxes collected 3 2 during the preceding month. 3 3 4. If the lease is terminated prior to the termination 3 4 date contained in the lease agreement, no refund shall be 3 5 allowed for tax previously paid on the monthly rental 3 6 payments. 3 7 Sec. 7. Section 423.24, subsection 1, unnumbered paragraph 3 8 1, Code Supplement 1995, is amended to read as follows: 3 9 Eighty percent of all revenues derived from the use tax on 3 10 motor vehicles, trailers, and motor vehicle accessories and 3 11 equipment as collected pursuant to section 423.7 and section 3 12 423.7A shall be deposited and credited as follows: 3 13 Sec. 8. Section 602.8108, subsection 2, Code 1995, is 3 14 amended to read as follows: 3 15 2. Except as otherwise provided, the clerk of the district 3 16 court shall report and submit to the state court 3 17 administrator, not later than the fifteenth day of each month, 3 18 the fines and fees received during the preceding calendar 3 19 month. Except as provided insubsectionsubsections 4 and 5, 3 20 the state court administrator shall deposit the amounts 3 21 received with the treasurer of state for deposit in the 3 22 general fund of the state. The state court administrator 3 23 shall report to the legislative fiscal bureau within thirty 3 24 days of the beginning of each fiscal quarter the amount 3 25 received during the previous quarter in the account 3 26 established under this section. 3 27 Sec. 9. Section 602.8108, Code 1995, is amended by adding 3 28 the following new subsection: 3 29 NEW SUBSECTION. 5. The state court administrator shall 3 30 allocate all of the fines and fees attributable to commercial 3 31 vehicle violation citations issued by motor vehicle division 3 32 personnel of the state department of transportation to the 3 33 treasurer of state for deposit in the road use tax fund. 3 34 Sec. 10. ROAD USE TAX FUND ALLOCATION – SALES TAX 3 35 REVENUES. Notwithstanding section 422.43, subsection 8, 4 1 beginning July 1, 1996, and ending June 30, 2001, the 4 2 treasurer of state shall credit annually to the road use tax 4 3 fund created under section 312.1, the first seven million 4 4 dollars received from sales tax imposed under section 422.43. 4 5 This seven million dollar allocation to the road use tax fund 4 6 is based upon the estimated revenue received from sales tax 4 7 imposed on motor vehicle parts, accessories, and equipment and 4 8 motor vehicle service, maintenance, and repair. 4 9 Sec. 11. APPROPRIATION – RECREATIONAL TRAILS. There is 4 10 appropriated from the general fund of the state, to the state 4 11 department of transportation, for the fiscal year beginning 4 12 July 1, 1996, and ending June 30, 1997, two million dollars, 4 13 to be used for acquiring, constructing, and improving 4 14 recreational trails in accordance with chapter 465B. A 4 15 minimum of fifty percent of the appropriation shall be used 4 16 for acquisition and construction of new recreational trails 4 17 and the remainder shall be used for maintenance of existing 4 18 recreational trails. 4 19 Sec. 12. REPEAL. Section 312.2A, Code 1995, is repealed. 4 20 Sec. 13. APPLICABILITY. The section of this Act which 4 21 enacts section 423.7A applies to leases entered into on or 4 22 after July 1, 1996. 4 23 SF 2128 4 24 js/cc/26
Text: SF02127 Text: SF02129 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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