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House Journal: Page 1781: Monday, April 20, 1998

 5   is amended by adding the following new subsection:
 6     NEW SUBSECTION.  38B.  The gross receipts from the
 7   sale or rental of tangible personal property
 8   permanently affixed or attached as a component part of
 9   the aircraft, including but not limited to repair or
10   replacement materials or parts; and the gross receipts
11   of all services used for aircraft repair, remodeling,
12   and maintenance services when such services are
13   performed on aircraft, aircraft engines, or aircraft
14   component materials or parts.  For the purposes of
15   this exemption, "aircraft" means aircraft used in
16   nonscheduled interstate federal aviation
17   administration-certified air carrier operation
18   operating under 14 C.F.R. ch. 1, pt. 135.
19     Sec. ___.  Section 422.45, Code Supplement 1997, is
20   amended by adding the following new subsection:
21     NEW SUBSECTION.  38C.  The gross receipts from the
22   sale of aircraft to an aircraft dealer who in turn
23   rents or leases the aircraft if all of the following
24   apply:
25     a.  The aircraft is kept in the inventory of the
26   dealer for sale at all times.
27     b.  The dealer reserves the right to immediately
28   take the aircraft from the renter or lessee when a
29   buyer is found.
30     c.  The renter or lessee is aware that the dealer
31   will immediately take the aircraft when a buyer is
32   found.
33     If an aircraft exempt under this subsection is used
34   for any purpose other than leasing or renting, or the
35   conditions in paragraphs "a", "b", and "c" are not
36   continuously met, the dealer claiming the exemption
37   under this subsection is liable for the tax that would
38   have been due except for this subsection.  The tax
39   shall be computed upon the original purchase price."
40     2.  Title page, line 1, by inserting after the
41   word "fees" the following:  "and sales tax
42   exemptions".
Amendment H-9287 was adopted.
RULE 32 SUSPENDED
Doderer of Johnson rose on a point of order and invoked Rule 32
to refer House File 2560 to the committee on appropriations.
The Speaker ruled the point well taken.
Siegrist of Pottawattamie moved to suspend Rule 32  to consider
House File 2560.
A non-record roll call was requested.
The ayes were 51, nays 36.

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