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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