Text: H01585 Text: H01587 Text: H01500 - H01599 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 707 as follows:
1 2 #1. Page 1, by inserting after line 12, the
1 3 following:
1 4 "Sec. . Section 422.45, subsection 27,
1 5 paragraph a, unnumbered paragraph 1, and subparagraph
1 6 (1), Code 2001, are amended to read as follows:
1 7 The gross receipts from the sale, lease, or rental
1 8 of computers, racks, shelves, conveyors, machinery,
1 9 and equipment, including replacement parts, and
1 10 materials used to construct or self-construct
1 11 computers, racks, shelves, conveyors, machinery, and
1 12 equipment if such items are any of the following:
1 13 (1) Directly and primarily used in processing by a
1 14 manufacturer or directly used by an interstate
1 15 distributor.
1 16 Sec. . Section 422.45, subsection 27, paragraph
1 17 d, Code 2001, is amended by adding the following new
1 18 subparagraph:
1 19 NEW SUBPARAGRAPH. (3A) "Interstate distributor"
1 20 means a business that owns and operates a distribution
1 21 center whose size is fifty thousand square feet or
1 22 greater, is located on property zoned for industrial
1 23 purposes, and employs fifty or more employees at that
1 24 site, and with over fifty percent of the total value
1 25 of products shipped annually from that site are to a
1 26 destination outside the borders of Iowa.
1 27 Sec. 100. NEW SECTION. 427B.29 PROPERTY SUBJECT
1 28 TO SPECIAL VALUATION.
1 29 Racks, shelves, conveyors, machinery, equipment,
1 30 and computers directly used by an interstate
1 31 distributor, as defined in section 422.45, subsection
1 32 27, paragraph "d", which is first assessed for
1 33 taxation in this state on or after January 1, 2002,
1 34 shall be exempt from taxation. The exemption in this
1 35 section shall not affect the exemption that any
1 36 property may be entitled to pursuant to section
1 37 427B.17, subsection 2.
1 38 Sec. . IMPLEMENTATION OF ACT. Section 25B.7
1 39 does not apply to the property tax exemption provided
1 40 in section 100 of this Act."
1 41 #2. Page 1, line 13, by striking the word "This"
1 42 and inserting the following: "Section 1 of this".
1 43 #3. Title page, line 3, by inserting after the
1 44 word "purposes" the following: ", exempting the sale,
1 45 lease, or rental of certain property to an interstate
1 46 distributor from sales and use taxes, and exempting
1 47 certain property of an interstate distributor from
1 48 property tax,".
1 49
1 50
2 1
2 2 HOVERSTEN of Woodbury
2 3 HF 707.501 79
2 4 mg/pj
Text: H01585 Text: H01587 Text: H01500 - H01599 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
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