Text: SF02363 Text: SF02365 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SENATE FILE 2364
1 2
1 3 AN ACT
1 4 RELATING TO THE SALES, SERVICES, AND USE TAXES EXEMPTION FOR
1 5 THE SALES OF FOOD AND BEVERAGES FOR HUMAN CONSUMPTION BY
1 6 CERTAIN ORGANIZATIONS, PROVIDING REFUNDS, AND INCLUDING
1 7 EFFECTIVE AND RETROACTIVE APPLICABILITY DATE PROVISIONS.
1 8
1 9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 10
1 11 Section 1. Section 422.45, Code Supplement 1997, is
1 12 amended by adding the following new subsection:
1 13 NEW SUBSECTION. 52. The gross receipts from the sales of
1 14 food and beverages for human consumption by a nonprofit
1 15 organization which principally promotes a food or beverage
1 16 product for human consumption produced, grown, or raised in
1 17 this state and whose income is exempt from federal taxation
1 18 under section 501(c) of the Internal Revenue Code.
1 19 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 20 which arise from claims resulting from the enactment of
1 21 section 422.45, subsection 52, in this Act, for sales
1 22 occurring between July 1, 1988, and June 30, 1998, shall be
1 23 limited to twenty-five thousand dollars in the aggregate and
1 24 shall not be allowed unless refund claims are filed prior to
1 25 October 1, 1998, notwithstanding any other provision of law.
1 26 If the amount of claims total more than twenty-five thousand
1 27 dollars in the aggregate, the department of revenue and
1 28 finance shall prorate the twenty-five thousand dollars among
1 29 all claimants in relation to the amounts of the claimants'
1 30 valid claims.
1 31 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 32 PROVISION. This Act, being deemed of immediate importance,
1 33 takes effect upon enactment and applies retroactively to July
1 34 1, 1988.
1 35
2 1
2 2
2 3 MARY E. KRAMER
2 4 President of the Senate
2 5
2 6
2 7
2 8 RON J. CORBETT
2 9 Speaker of the House
2 10
2 11 I hereby certify that this bill originated in the Senate and
2 12 is known as Senate File 2364, Seventy-seventh General Assembly.
2 13
2 14
2 15
2 16 MARY PAT GUNDERSON
2 17 Secretary of the Senate
2 18 Approved , 1998
2 19
2 20
2 21
2 22 TERRY E. BRANSTAD
2 23 Governor
Text: SF02363 Text: SF02365 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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