Text: H01478                            Text: H01480
Text: H01400 - H01499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

House Amendment 1479

Amendment Text

PAG LIN
  1  1    Amend House File 705 as follows:
  1  2    #1.  Page 1, by inserting after line 7 the
  1  3 following:
  1  4    "   .  Section 422.45, subsection 61, as enacted by
  1  5 2001 Iowa Acts, House File 1, section 2, is amended to
  1  6 read as follows:
  1  7    61.  a.  Subject to paragraph "b", the gross
  1  8 receipts from the sale, furnishing, or service of
  1  9 metered gas, and electricity, to provide energy for
  1 10 and fuel, including propane and heating oil to
  1 11 residential customers and the gross receipts from the
  1 12 sale, furnishing, or service of fuel, including
  1 13 propane and heating oil, which is used to provide heat
  1 14 energy for residential dwellings and units of
  1 15 apartment and condominium complexes used for human
  1 16 occupancy.
  1 17    b.  The exemption in this subsection shall be
  1 18 phased in by means of a reduction in the tax rate as
  1 19 follows:
  1 20    (1)  If the date of the utility billing or meter
  1 21 reading cycle of the residential customer for the
  1 22 sale, furnishing, or service of metered gas and
  1 23 electricity is between on or after January 1, 2002,
  1 24 and through December 31, 2002, or if the sale,
  1 25 furnishing, or service of fuel for heating purposes
  1 26 occurs between of residential energy and the delivery
  1 27 of the fuel occurs on or after January 1, 2002, and
  1 28 through December 31, 2002, the rate of tax is four
  1 29 percent of the gross receipts.
  1 30    (2)  If the date of the utility billing or meter
  1 31 reading cycle of the residential customer for the
  1 32 sale, furnishing, or service of metered gas and
  1 33 electricity is between on or after January 1, 2003,
  1 34 and through December 31, 2003, or if the sale,
  1 35 furnishing, or service of fuel for heating purposes
  1 36 occurs between of residential energy and the delivery
  1 37 of the fuel occurs on or after January 1, 2003, and
  1 38 through December 31, 2003, the rate of tax is three
  1 39 percent of the gross receipts.
  1 40    (3)  If the date of the utility billing or meter
  1 41 reading cycle of the residential customer for the
  1 42 sale, furnishing, or service of metered gas and
  1 43 electricity is between on or after January 1, 2004,
  1 44 and through December 31, 2004, or if the sale,
  1 45 furnishing, or service of fuel for heating purposes
  1 46 occurs between of residential energy and the delivery
  1 47 of the fuel occurs on or after January 1, 2004, and
  1 48 through December 31, 2004, the rate of tax is two
  1 49 percent of the gross receipts.
  1 50    (4)  If the date of the utility billing or meter
  2  1 reading cycle of the residential customer for the
  2  2 sale, furnishing, or service of metered gas and
  2  3 electricity is between on or after January 1, 2005,
  2  4 and through December 31, 2005, or if the sale,
  2  5 furnishing, or service of fuel for heating purposes
  2  6 occurs between of residential energy and the delivery
  2  7 of the fuel occurs on or after January 1, 2005, and
  2  8 through December 31, 2005, the rate of tax is one
  2  9 percent of the gross receipts.
  2 10    (5)  If the date of the utility billing or meter
  2 11 reading cycle of the residential customer for the
  2 12 sale, furnishing, or service of metered gas and
  2 13 electricity is on or after January 1, 2006, or if the
  2 14 sale, furnishing, or service of fuel for heating
  2 15 purposes of residential energy and the delivery of the
  2 16 fuel occurs on or after January 1, 2006, the rate of
  2 17 tax is zero percent of the gross receipts.
  2 18    c.  The exemption in this subsection does not apply
  2 19 to local option sales and services tax imposed
  2 20 pursuant to chapters 422B and 422E."
  2 21    #2.  Title page, line 2, by inserting after the
  2 22 word "gas" the following:  "and to the rate of tax for
  2 23 providing metered gas, electricity, and fuel to
  2 24 provide energy for residential customers".  
  2 25 
  2 26 
  2 27                                
  2 28 TYMESON of Madison 
  2 29 HF 705.201 79
  2 30 mg/gg
     

Text: H01478                            Text: H01480
Text: H01400 - H01499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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