Text: SSB03233 Text: SSB03235 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. 54B. The gross receipts from all sales of 1 4 goods, wares, or merchandise, or from services rendered, 1 5 furnished, or performed which are used in the fulfillment of a 1 6 written construction contract with a nonprofit hospital 1 7 licensed pursuant to chapter 135B if all of the following 1 8 apply: 1 9 a. The sales and delivery of the goods, wares, or 1 10 merchandise, or the services rendered, furnished, or performed 1 11 occurred between July 1, 1998, and December 31, 2001. 1 12 b. The written construction contract was entered into 1 13 prior to December 31, 1999, or bonds to fund the construction 1 14 were issued prior to December 31, 1999. 1 15 c. The sales or services were purchased by a contractor as 1 16 the agent for the hospital or were purchased directly by the 1 17 hospital. 1 18 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties 1 19 which arise from claims resulting from the enactment of 1 20 section 422.45, subsection 54B, in this Act, for sales or 1 21 services occurring between July 1, 1998, and December 31, 1 22 2001, shall be limited to twenty-five thousand dollars in the 1 23 aggregate and shall not be allowed unless refund claims are 1 24 filed prior to April 1, 2002, notwithstanding any other 1 25 provision of law. If the amount of claims totals more than 1 26 twenty-five thousand dollars in the aggregate, the department 1 27 of revenue and finance shall prorate the twenty-five thousand 1 28 dollars among all claimants in relation to the amounts of the 1 29 claimants' valid claims. 1 30 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY 1 31 PROVISION. This Act, being deemed of immediate importance, 1 32 takes effect upon enactment and applies retroactively to July 1 33 1, 1998. 1 34 EXPLANATION 1 35 This bill provides an exemption from the sales and use 2 1 taxes for construction materials and services used in 2 2 fulfillment of a written contract with a nonprofit hospital. 2 3 This exemption only applies if three conditions are met: 2 4 1. The sales and delivery of the materials or the services 2 5 occur between July 1, 1998, and December 31, 2001. 2 6 2. The written construction contract was entered into 2 7 prior to December 31, 1999, or bonds were issued to fund the 2 8 construction prior to December 31, 1999. 2 9 3. The materials were purchased by the contractor as the 2 10 agent for the hospital or directly by the hospital. 2 11 The bill takes effect upon enactment and applies 2 12 retroactively to July 1, 1998. Because of this retroactive 2 13 applicability, refunds are allowed. However, a limit of 2 14 $25,000 in the aggregate is set on the amount of refunds. 2 15 LSB 5261SC 78 2 16 mg/gg/8
Text: SSB03233 Text: SSB03235 Text: SSB03200 - SSB03299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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