Text: HF00704                           Text: HF00706
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House File 705

Partial Bill History

Bill Text

PAG LIN
  1  1                                             HOUSE FILE 705
  1  2 
  1  3                             AN ACT
  1  4 RELATING TO SALES AND USE TAXES ON THE DELIVERY OF ELECTRICITY
  1  5    AND NATURAL GAS AND TO THE RATE OF TAX FOR PROVIDING METERED
  1  6    GAS, ELECTRICITY, AND FUEL TO PROVIDE ENERGY FOR RESIDENTIAL
  1  7    CUSTOMERS.   
  1  8  
  1  9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1 10  
  1 11    Section 1.  Section 422.45, Code 2001, is amended by adding
  1 12 the following new subsection:
  1 13    NEW SUBSECTION.  2A.  The gross receipts from charges paid
  1 14 for the delivery of electricity or natural gas if the sale,
  1 15 furnishing, or service of the electricity or natural gas or
  1 16 its use is exempt from the tax on gross receipts imposed under
  1 17 this division or from the use tax imposed under chapter 423.
  1 18    Sec. 2.  Section 422.45, subsection 61, as enacted by 2001
  1 19 Iowa Acts, House File 1, section 2, is amended to read as
  1 20 follows:
  1 21    61.  a.  Subject to paragraph "b", the gross receipts from
  1 22 the sale, furnishing, or service of metered gas, and
  1 23 electricity, to provide energy for and fuel, including propane
  1 24 and heating oil to residential customers and the gross
  1 25 receipts from the sale, furnishing, or service of fuel,
  1 26 including propane and heating oil, which is used to provide
  1 27 heat energy for residential dwellings and units of apartment
  1 28 and condominium complexes used for human occupancy.
  1 29    b.  The exemption in this subsection shall be phased in by
  1 30 means of a reduction in the tax rate as follows:
  1 31    (1)  If the date of the utility billing or meter reading
  1 32 cycle of the residential customer for the sale, furnishing, or
  1 33 service of metered gas and electricity is between on or after
  1 34 January 1, 2002, and through December 31, 2002, or if the
  1 35 sale, furnishing, or service of fuel for heating purposes
  2  1 occurs between of residential energy and the delivery of the
  2  2 fuel occurs on or after January 1, 2002, and through December
  2  3 31, 2002, the rate of tax is four percent of the gross
  2  4 receipts.
  2  5    (2)  If the date of the utility billing or meter reading
  2  6 cycle of the residential customer for the sale, furnishing, or
  2  7 service of metered gas and electricity is between on or after
  2  8 January 1, 2003, and through December 31, 2003, or if the
  2  9 sale, furnishing, or service of fuel for heating purposes
  2 10 occurs between of residential energy and the delivery of the
  2 11 fuel occurs on or after January 1, 2003, and through December
  2 12 31, 2003, the rate of tax is three percent of the gross
  2 13 receipts.
  2 14    (3)  If the date of the utility billing or meter reading
  2 15 cycle of the residential customer for the sale, furnishing, or
  2 16 service of metered gas and electricity is between on or after
  2 17 January 1, 2004, and through December 31, 2004, or if the
  2 18 sale, furnishing, or service of fuel for heating purposes
  2 19 occurs between of residential energy and the delivery of the
  2 20 fuel occurs on or after January 1, 2004, and through December
  2 21 31, 2004, the rate of tax is two percent of the gross
  2 22 receipts.
  2 23    (4)  If the date of the utility billing or meter reading
  2 24 cycle of the residential customer for the sale, furnishing, or
  2 25 service of metered gas and electricity is between on or after
  2 26 January 1, 2005, and through December 31, 2005, or if the
  2 27 sale, furnishing, or service of fuel for heating purposes
  2 28 occurs between of residential energy and the delivery of the
  2 29 fuel occurs on or after January 1, 2005, and through December
  2 30 31, 2005, the rate of tax is one percent of the gross
  2 31 receipts.
  2 32    (5)  If the date of the utility billing or meter reading
  2 33 cycle of the residential customer for the sale, furnishing, or
  2 34 service of metered gas and electricity is on or after January
  2 35 1, 2006, or if the sale, furnishing, or service of fuel for
  3  1 heating purposes of residential energy and the delivery of the
  3  2 fuel occurs on or after January 1, 2006, the rate of tax is
  3  3 zero percent of the gross receipts.
  3  4    c.  The exemption in this subsection does not apply to
  3  5 local option sales and services tax imposed pursuant to
  3  6 chapters 422B and 422E.  
  3  7 
  3  8 
  3  9                                                             
  3 10                               BRENT SIEGRIST
  3 11                               Speaker of the House
  3 12 
  3 13 
  3 14                                                             
  3 15                               MARY E. KRAMER
  3 16                               President of the Senate
  3 17 
  3 18    I hereby certify that this bill originated in the House and
  3 19 is known as House File 705, Seventy-ninth General Assembly.
  3 20 
  3 21 
  3 22                                                             
  3 23                               MARGARET THOMSON
  3 24                               Chief Clerk of the House
  3 25 Approved                , 2001
  3 26 
  3 27 
  3 28                            
  3 29 THOMAS J. VILSACK
  3 30 Governor
     
Text: HF00704                           Text: HF00706
Text: HF00700 - HF00799                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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