Text: SF02459 Text: SF02461 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code Supplement 1999, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 26A. The gross receipts from the sale of
1 4 fuel used in machinery or equipment which is used to dry,
1 5 remove moisture from, ventilate, or aerate harvested grain as
1 6 defined in section 203.1.
1 7 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 8 which arise from claims resulting from the enactment of
1 9 section 422.45, subsection 26A, as provided in this Act, for
1 10 sales occurring between January 1, 1988, and the effective
1 11 date of this Act, shall be limited to twenty-five thousand
1 12 dollars in the aggregate and shall not be allowed unless
1 13 refund claims are filed prior to October 1, 2000,
1 14 notwithstanding any other provision of law. If the amount of
1 15 claims totals more than twenty-five thousand dollars in the
1 16 aggregate, the department of revenue and finance shall prorate
1 17 the twenty-five thousand dollars among all claimants in
1 18 relation to the amounts of the claimants' valid claims.
1 19 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 20 PROVISION. This Act, being deemed of immediate importance,
1 21 takes effect upon enactment and applies retroactively to
1 22 January 1, 1988.
1 23 EXPLANATION
1 24 This bill amends Code section 422.45, which provides
1 25 exemptions from the retail sales tax imposed on the gross
1 26 receipts from all sales of tangible personal property.
1 27 Specifically, the bill exempts the gross receipts from the
1 28 sale of fuel used in the preservation or improvement of the
1 29 condition of harvested grain.
1 30 The bill takes effect upon enactment and applies
1 31 retroactively to January 1, 1988. The bill provides a
1 32 procedure for filing refund claims.
1 33 LSB 6200SV 78
1 34 da/cls/14
Text: SF02459 Text: SF02461 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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