Text: SF00267 Text: SF00269 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.45, Code 1999, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 55. The gross receipts from the sale of 1 4 textbooks by a bookstore to a full-time or part-time student 1 5 enrolled at an accredited higher education institution. This 1 6 exemption applies only if the person presents evidence that 1 7 identifies the person as a student at an accredited higher 1 8 education institution and presents evidence of enrollment at 1 9 the institution. For purposes of this subsection: 1 10 a. "Accredited higher education institution" means the 1 11 same as defined in section 261.92. 1 12 b. "Bookstore" means a store that sells textbooks and is 1 13 located within the city limits of the accredited higher 1 14 education institution. 1 15 c. "Full-time student" means an individual who is enrolled 1 16 in a course of study for at least twelve semester hours or the 1 17 trimester or the quarter equivalent of twelve semester hours. 1 18 d. "Part-time student" means an individual who is enrolled 1 19 in a course of study for at least three semester hours or the 1 20 trimester or the quarter equivalent of three semester hours. 1 21 e. "Textbook" means the same as defined in section 301.1 1 22 but for students at accredited higher education institutions. 1 23 EXPLANATION 1 24 The bill exempts from the sales and use taxes the sale of 1 25 textbooks by a bookstore located in the city of an accredited 1 26 higher education institution to a full-time or part-time 1 27 student enrolled in such institution. The student must 1 28 provide proof of identification as a student and proof of 1 29 enrollment. Accredited higher education institutions include 1 30 the board of regents institutions, community colleges, and 1 31 private colleges and universities located in the state. 1 32 Textbooks include electronic textbooks, computer software, 1 33 interactive videodiscs, and other computer courseware and 1 34 magnetic media. 1 35 LSB 2556SS 78 2 1 mg/sc/14
Text: SF00267 Text: SF00269 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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