Text: SSB03222 Text: SSB03224 Text: SSB03200 - SSB03299 Text: SSB 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. 57. The gross receipts from the
1 4 performing, rendering, furnishing, sale, or rental of
1 5 information services, including data processing services,
1 6 regardless of how the resultant information is transferred
1 7 from seller to buyer if the information is accumulated,
1 8 prepared, or organized for the buyer. Information
1 9 accumulated, prepared, or organized for a buyer is an
1 10 information service even though it may incorporate preexisting
1 11 components of data or other information. Information services
1 12 exempt under this subsection include, but are not limited to,
1 13 database files, mailing lists, market research, credit
1 14 reports, and surveys.
1 15 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 16 which arise from claims resulting from the enactment of
1 17 section 422.45, subsection 57, in this Act, for the
1 18 furnishing, sale, or rental of information services occurring
1 19 between March 15, 1995, and the effective date of this Act,
1 20 shall be limited to twenty-five thousand dollars in the
1 21 aggregate and shall not be allowed unless refund claims are
1 22 filed prior to October 1, 2000, notwithstanding any other
1 23 provision of law. If the amount of claims totals more than
1 24 twenty-five thousand dollars in the aggregate, the department
1 25 of revenue and finance shall prorate the twenty-five thousand
1 26 dollars among all claimants in relation to the amounts of the
1 27 claimants' valid claims.
1 28 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 29 PROVISION. This Act, being deemed of immediate importance,
1 30 takes effect upon enactment and applies retroactively to March
1 31 15, 1995.
1 32 EXPLANATION
1 33 This bill exempts from the sales and use taxes the
1 34 furnishing, sale, or rental of information or data services
1 35 regardless of how the resultant data is transferred.
2 1 Information which is accumulated, prepared, or organized for a
2 2 buyer is an information service. Information services include
2 3 but are not limited to database files, mailing lists, market
2 4 research, credit reports, and surveys.
2 5 The bill takes effect upon enactment and applies
2 6 retroactively to March 15, 1995. As a result of the
2 7 retroactivity of the exemption, refunds are provided for but
2 8 limited to $25,000 in the aggregate.
2 9 LSB 7134SC 78
2 10 mg/gg/8
Text: SSB03222 Text: SSB03224 Text: SSB03200 - SSB03299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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