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House Journal: Page 1725: Tuesday, April 29, 1997

Page   7

 1   or for generating electric current, or in implements
 2   of husbandry engaged in agricultural production; or
 3   the property is a chemical, solvent, sorbent, or
 4   reagent, which is directly used and is consumed,
 5   dissipated, or depleted, in processing personal
 6   property which is intended to be sold ultimately at
 7   retail or consumed in the maintenance or repair of
 8   fabric or clothing, and which may not become a
 9   component or integral part of the finished product.
10   The distribution to the public of free newspapers or
11   shoppers guides is a retail sale for purposes of the
12   processing exemption.
13     Sec. 15.  Section 422.43, Code 1997, is amended by
14   adding the following new subsection:
15     NEW SUBSECTION.  12.  A tax of five percent is
16   imposed upon the gross receipts from the sales of
17   prepaid telephone calling cards and prepaid
18   authorization numbers.  For the purpose of this
19   division, the sales of prepaid telephone calling cards
20   and prepaid authorization numbers are sales of
21   tangible personal property.
22     Sec. 16.  Section 422.45, subsection 7, unnumbered
23   paragraph 1, Code 1997, is amended to read as follows:
24     A private nonprofit educational institution in this
25   state, nonprofit private museum in this state, tax-
26   certifying or tax-levying body or governmental
27   subdivision of the state, including the state board of
28   regents, state department of human services, state
29   department of transportation, a municipally owned
30   solid waste facility which sells all or part of its
31   processed waste as fuel to a municipally owned public
32   utility, and all divisions, boards, commissions,
33   agencies, or instrumentalities of state, federal,
34   county, or municipal government which do not have
35   earnings going to the benefit of an equity investor or
36   stockholder, may make application to the department
37   for the refund of the sales, services, or use tax upon
38   the gross receipts of all sales of goods, wares, or
39   merchandise, or from services rendered, furnished, or
40   performed, to a contractor, used in the fulfillment of
41   a written contract with the state of Iowa, any
42   political subdivision of the state, or a division,
43   board, commission, agency, or instrumentality of the
44   state or a political subdivision, a private nonprofit
45   educational institution in this state, or a nonprofit
46   private museum in this state if the property becomes
47   an integral part of the project under contract and at
48   the completion of the project becomes public property,
49   is devoted to educational uses, or becomes a nonprofit
50   private museum; except goods, wares, or merchandise,

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

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