Text: HSB00773 Text: HSB00775 Text: HSB00700 - HSB00799 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, subsection 39, Code Supplement
1 2 1999, is amended by adding the following new unnumbered
1 3 paragraph:
1 4 NEW UNNUMBERED PARAGRAPH. For purposes of this subsection,
1 5 "farm machinery and equipment" specifically includes, but is
1 6 not limited to, the following items which are directly and
1 7 primarily used in a confinement building as defined in section
1 8 455B.161, regardless of whether the items are building
1 9 materials which become part of real property: specialized
1 10 floor systems or slats; curtains and associated hardware;
1 11 ventilation, heating, or cooling equipment and associated
1 12 electrical or electronic control equipment; or motors, fans,
1 13 shutters, ceiling inlets, controllers, thermostats, adjustable
1 14 baffle wall kits, hoses, traps, regulators, valves, igniters,
1 15 and ventilators.
1 16 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 17 which arise from claims resulting from the enactment of this
1 18 Act, for sales occurring between January 1, 1988, and the
1 19 effective date of this Act, shall be limited to twenty-five
1 20 thousand dollars in the aggregate and shall not be allowed
1 21 unless refund claims are filed prior to October 1, 2000,
1 22 notwithstanding any other provision of law. If the amount of
1 23 claims totals more than twenty-five thousand dollars in the
1 24 aggregate, the department of revenue and finance shall prorate
1 25 the twenty-five thousand dollars among all claimants in
1 26 relation to the amounts of the claimants' valid claims.
1 27 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 28 PROVISION. This Act, being deemed of immediate importance,
1 29 takes effect upon enactment and applies retroactively to
1 30 January 1, 1988.
1 31 EXPLANATION
1 32 This bill amends Code section 422.45 which provides
1 33 exemptions from the retail sales tax imposed on the gross
1 34 receipts from all sales of tangible personal property. Code
1 35 section 422.45, subsection 39, provides an exemption for the
2 1 gross receipts from the sale or rental of farm machinery and
2 2 equipment.
2 3 This bill provides that "farm machinery and equipment"
2 4 includes but is not limited to a number of items which are
2 5 directly and primarily used in confinement buildings housing
2 6 livestock. The items are limited to specialized floor systems
2 7 or slats; curtains and associated hardware; ventilation,
2 8 heating, or cooling equipment and associated electrical or
2 9 electronic control equipment; motors, fans, shutters, ceiling
2 10 inlets, controllers, thermostats, adjustable baffle wall kits,
2 11 hoses, traps, regulators, valves, igniters, and ventilators.
2 12 The bill takes effect upon enactment and applies
2 13 retroactively to January 1, 1988. The bill provides a
2 14 procedure for filing refund claims.
2 15 LSB 6599HC 78
2 16 da/cf/24
Text: HSB00773 Text: HSB00775 Text: HSB00700 - HSB00799 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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