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House Journal: Page 1980: Thursday, April 27, 1995

 5   by adding the following new subsection:
 6     NEW SUBSECTION.  16.  Vehicles subject to
 7   registration under chapter 321, with a gross vehicle
 8   weight rating of less than sixteen thousand pounds,
 9   excluding motorcycles and motorized bicycles, under
10   the following conditions:
11     a.  The present purchaser of the vehicle was the
12   prior lessee of the vehicle.
13     b.  The lease of the vehicle was entered into on or
14   after July 1, 1995, and was for a period of twelve
15   months or more.
16     c.  The use tax on the vehicle was paid by the
17   lessor as provided in section 423.6, subsection 1."
18     2.  Title page, by striking lines 1 and 2 and
19   inserting the following:  "An Act relating to the
20   taxation of leased motor vehicles."
A non-record roll call was requested.
The ayes were 17, nays 52.
Amendment H-4117 lost.
Halvorson of Clayton offered amendment H-4042 filed by him as
follows:
H-4042
 1     Amend House File 569 as follows:
 2     1.  Page 1, by inserting after line 4 the
 3   following:
 4     "Sec. ___.  Section 423.2, Code 1995, is amended to
 5   read as follows:
 6     423.2  IMPOSITION OF TAX.
 7     An excise tax is imposed on the use in this state
 8   of tangible personal property purchased for use in
 9   this state, at the rate of five percent of the
10   purchase price of the property.  An excise tax is
11   imposed on the use of leased vehicles at the rate of
12   five percent of the amount otherwise subject to tax as
13   calculated pursuant to section 423.7A, subsection 2.
14   The excise tax is imposed upon every person using the
15   property within this state until the tax has been paid
16   directly to the county treasurer or the state
17   department of transportation, to a retailer, or to the
18   department.  An excise tax is imposed on the use in
19   this state of services enumerated in section 422.43 at
20   the rate of five percent.  This tax is applicable
21   where services are rendered, furnished, or performed
22   in this state or where the product or result of the
23   service is used in this state.  This tax is imposed on
24   every person using the services or the product of the
25   services in this state until the user has paid the tax
26   either to an Iowa use tax permit holder or to the

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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