Text: HF02558                           Text: HF02560
Text: HF02500 - HF02599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

House File 2559

Partial Bill History

Bill Introduced: H.J. 1236
Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.45, subsection 26, paragraph b,
  1  2 Code Supplement 1999, is amended to read as follows:
  1  3    b.  The farm machinery and equipment shall constitute self-
  1  4 propelled implements or implements customarily drawn or
  1  5 attached to self-propelled implements or the farm machinery or
  1  6 equipment is a grain dryer.
  1  7    Sec. 2.  Section 422.45, Code Supplement 1999, is amended
  1  8 by adding the following new subsections:
  1  9    NEW SUBSECTION.  26A.  The gross receipts from the sale of
  1 10 machinery or equipment used for any of the following:
  1 11    a.  Directly and primarily used in the blending of
  1 12 fertilizers, including fertilizers, soil conditioners, and
  1 13 unmanipulated manure as defined in section 200.3.
  1 14    b.  Directly and primarily used to dry, remove moisture
  1 15 from, ventilate, or aerate harvested grain as defined in
  1 16 section 203.1.
  1 17    NEW SUBSECTION.  26B.  The gross receipts from the sale of
  1 18 fuel used in machinery or equipment which is used to dry,
  1 19 remove moisture from, ventilate, or aerate harvested grain as
  1 20 defined in section 203.1.
  1 21    Sec. 3.  REFUNDS.  Refunds of taxes, interest, or penalties
  1 22 which arise from claims resulting from the enactment of
  1 23 section 422.45, subsections 26A and 26B, as provided in this
  1 24 Act, for sales occurring between January 1, 1988, and the
  1 25 effective date of this Act, shall be limited to twenty-five
  1 26 thousand dollars in the aggregate and shall not be allowed
  1 27 unless refund claims are filed prior to October 1, 2000,
  1 28 notwithstanding any other provision of law.  If the amount of
  1 29 claims totals more than twenty-five thousand dollars in the
  1 30 aggregate, the department of revenue and finance shall prorate
  1 31 the twenty-five thousand dollars among all claimants in
  1 32 relation to the amounts of the claimants' valid claims.
  1 33    Sec. 4.  EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
  1 34 PROVISION.  This Act, being deemed of immediate importance,
  1 35 takes effect upon enactment and applies retroactively to
  2  1 January 1, 1988.  
  2  2                           EXPLANATION
  2  3    This bill amends Code section 422.45 which provides
  2  4 exemptions from the retail sales tax imposed on the gross
  2  5 receipts from all sales of tangible personal property.
  2  6 Specifically, the bill exempts gross receipts from the sale of
  2  7 equipment used for blending fertilizers and preserving or
  2  8 improving the condition of harvested grain.  The bill also
  2  9 exempts the gross receipts from the sale of fuel used in the
  2 10 preservation or improvement of the condition of harvested
  2 11 grain.
  2 12    The bill eliminates a current Code provision which exempts
  2 13 the gross receipts of farm machinery used in grain drying.
  2 14    The bill takes effect upon enactment and applies
  2 15 retroactively to January 1, 1988.  The bill provides a
  2 16 procedure for filing refund claims.  
  2 17 LSB 5794HZ 78
  2 18 da/cls/14

Text: HF02558                           Text: HF02560
Text: HF02500 - HF02599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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