Text: HF00737                           Text: HF00739
Text: HF00700 - HF00799                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index



House File 738

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.45, Code 2001, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  54C.  The gross receipts from the sale or
  1  4 rental of tangible personal property or from services
  1  5 performed, rendered, or furnished to a nonprofit nursing
  1  6 facility licensed pursuant to chapter 135C, to be used in the
  1  7 operation of the nursing facility.
  1  8    Sec. 2.  EFFECTIVE AND APPLICABILITY PROVISION.  This Act
  1  9 takes effect only if the revenue estimating conference
  1 10 estimates that, as a result of the enactment of federal income
  1 11 tax legislation prior to January 1, 2002, Iowa income tax
  1 12 receipts for the fiscal year beginning July 1, 2001, will be
  1 13 increased by $11.8 million or more over the amount of Iowa
  1 14 income tax receipts which would have been realized in the
  1 15 absence of the enactment of such federal income tax
  1 16 legislation.  If this Act takes effect, this Act applies to
  1 17 the sale or rental of tangible personal property or the
  1 18 performing, rendering, or furnishing of services occurring on
  1 19 or after January 1, 2002.  
  1 20                           EXPLANATION
  1 21    This bill exempts from the sales and use taxes the sales
  1 22 and rentals of tangible personal property to and services
  1 23 furnished to licensed nonprofit nursing facilities for use in
  1 24 the operation of the nursing facilities.  Nursing facilities
  1 25 covered under this exemption are those licensed under state
  1 26 law or administrative rules, but facilities for persons with
  1 27 mental retardation or illness are excluded.  
  1 28 LSB 1924HV 79
  1 29 mg/gg/8
     

Text: HF00737                           Text: HF00739
Text: HF00700 - HF00799                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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