Text: S05497 Text: S05499 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2622, as amended, passed, and
1 2 reprinted by the House, as follows:
1 3 #1. By striking page 9, line 20, through page 10,
1 4 line 16.
1 5 #2. By striking page 22, line 30, through page 23,
1 6 line 3, and inserting the following:
1 7 "Sec. .
1 8 1. ABATEMENT OF SALES AND USE TAXES. The director
1 9 of revenue and finance shall abate unpaid state sales
1 10 and use taxes and local sales and services taxes owed
1 11 by any foundry located in Lee or Jefferson county on
1 12 purchases of tangible personal property used by the
1 13 foundry in making patterns, molds, or dies which
1 14 purchases occurred between July 1, 1997, and the
1 15 effective date of this section.
1 16 2. REFUNDS. If the state sales and use taxes and
1 17 local sales and services taxes have been paid on the
1 18 purchases of tangible personal property which occurred
1 19 between July 1, 1997, and the effective date of this
1 20 section and which taxes would have been abated under
1 21 subsection 1 if not paid, then such taxes and any
1 22 interest and penalties, that were paid, are eligible
1 23 for refund. However, refunds shall not be allowed
1 24 unless claims are filed prior to October 1, 2002, and
1 25 shall be limited to twenty-five thousand dollars in
1 26 the aggregate. If the amount of claims totals more
1 27 than twenty-five thousand dollars in the aggregate,
1 28 the department of revenue and finance shall prorate
1 29 the twenty-five thousand dollars among all claimants
1 30 in relation to the amounts of the claimants' valid
1 31 claims."
1 32 #3. Page 23, by striking lines 26 through 30 and
1 33 inserting the following:
1 34 " . The section of this Act that provides for
1 35 the abatement of sales and use taxes owed or the
1 36 refund of sales and use tax paid on the purchases of
1 37 certain tangible personal property by a foundry, being
1 38 deemed of immediate importance, takes effect upon
1 39 enactment."
1 40
1 41
1 42
1 43 PATRICIA HARPER
1 44 PAUL McKINLEY
1 45 MARK SHEARER
1 46 LARRY McKIBBEN
1 47 HF 2622.707 79
1 48 mg/cls
Text: S05497 Text: S05499 Text: S05400 - S05499 Text: S 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: Tue Apr 16 13:27:52 CDT 2002
URL: /DOCS/GA/79GA/Legislation/S/05400/S05498/020411.html
jhf