Text: HF00722 Text: HF00724 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 HOUSE FILE 723
1 2
1 3 AN ACT
1 4 EXEMPTING IRRIGATION EQUIPMENT FROM SALES AND USE TAXES,
1 5 PROVIDING LIMITED REFUNDS, AND INCLUDING EFFECTIVE AND
1 6 RETROACTIVE APPLICABILITY DATE PROVISIONS.
1 7
1 8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 9
1 10 Section 1. Section 422.45, Code 2001, is amended by adding
1 11 the following new subsection:
1 12 NEW SUBSECTION. 26A. The gross receipts from the sale or
1 13 rental of irrigation equipment, whether installed above or
1 14 below ground, to a contractor or farmer if the equipment will
1 15 be primarily used in agricultural operations.
1 16 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 17 which arise from claims resulting from the enactment of
1 18 section 422.45, subsection 26A, in this Act, for sales
1 19 occurring between April 1, 1995, and the effective date of
1 20 this Act, shall be limited to twenty-five thousand dollars in
1 21 the aggregate and shall not be allowed unless refund claims
1 22 are filed prior to October 1, 2001, 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 April
1 31 1, 1995.
1 32
1 33
1 34
1 35 BRENT SIEGRIST
2 1 Speaker of the House
2 2
2 3
2 4
2 5 MARY E. KRAMER
2 6 President of the Senate
2 7
2 8 I hereby certify that this bill originated in the House and
2 9 is known as House File 723, Seventy-ninth General Assembly.
2 10
2 11
2 12
2 13 MARGARET THOMSON
2 14 Chief Clerk of the House
2 15 Approved , 2001
2 16
2 17
2 18
2 19 THOMAS J. VILSACK
2 20 Governor
Text: HF00722 Text: HF00724 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
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