Text: HF02085 Text: HF02087 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.45, subsection 7, unnumbered 1 2 paragraph 1, Code Supplement 2001, is amended to read as 1 3 follows: 1 4 A private nonprofit educational institution in this state, 1 5 nonprofit private museum in this state, tax-certifying or tax- 1 6 levying body or governmental subdivision of the state, 1 7 including the state board of regents, state department of 1 8 human services, state department of transportation, a 1 9 municipally owned solid waste facility which sells all or part 1 10 of its processed waste as fuel to a municipally owned public 1 11 utility, and all divisions, boards, commissions, agencies, or 1 12 instrumentalities of state, federal, county, or municipal 1 13 government which do not have earnings going to the benefit of 1 14 an equity investor or stockholder, may make application to the 1 15 department for the refund of the sales, services, or use tax 1 16 upon the gross receipts of all sales of goods, wares, or 1 17 merchandise, or from services rendered, furnished, or 1 18 performed, to a contractor, used in the fulfillment of a 1 19 written contract with the state of Iowa, any political 1 20 subdivision of the state, or a division, board, commission, 1 21 agency, or instrumentality of the state or a political 1 22 subdivision, a private nonprofit educational institution in 1 23 this state, or a nonprofit private museum in this state if the 1 24 property becomes an integral part of the project under 1 25 contract and at the completion of the project becomes public 1 26 property, is devoted to educational uses, or becomes a 1 27 nonprofit private museum; except goods, wares, or merchandise, 1 28 or services rendered, furnished, or performed used in the 1 29 performance of any contract in connection with the operation 1 30 of any municipal utility engaged in selling gas, electricity, 1 31 or heat to the general public or in connection with the 1 32 operation of a municipal pay television system; and except 1 33 goods, wares, and merchandise used in the performance of a 1 34 contract for a "project" under chapter 419 as defined in that 1 35 chapter other than goods, wares, or merchandise used in the 2 1 performance of a contract for a "project" under chapter 419 2 2 for which a bond issue was approved by a municipality prior to 2 3 July 1, 1968, or for which the goods, wares, or merchandise 2 4 becomes an integral part of the project under contract and at 2 5 the completion of the project becomes public property,oris 2 6 devoted to educational uses, or becomes a nonprofit private 2 7 museum. 2 8 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 2 9 immediate importance, takes effect upon enactment and applies 2 10 to nonprofit private museum projects completed on or after the 2 11 effective date of this Act. 2 12 EXPLANATION 2 13 This bill provides that a nonprofit private museum is 2 14 entitled to receive a refund of any sales or use tax paid by 2 15 the contractor for materials used in the construction of the 2 16 museum if the construction is financed by city or county 2 17 revenue bonds. Present law allows this refund for nonprofit 2 18 private museums except if the construction is financed by city 2 19 or county revenue bonds. 2 20 The bill takes effect upon enactment and applies to museum 2 21 projects completed after that date. 2 22 LSB 5437HH 79 2 23 mg/pj/5
Text: HF02085 Text: HF02087 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2002 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Mar 6 03:25:27 CST 2002
URL: /DOCS/GA/79GA/Legislation/HF/02000/HF02086/020118.html
jhf