Text: SSB01180 Text: SSB01182 Text: SSB01100 - SSB01199 Text: SSB 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 2556SC 78
2 1 mg/sc/14
Text: SSB01180 Text: SSB01182 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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