Text: SF00326                           Text: SF00328
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 327

Partial Bill History

Bill Introduced: S.J. 487
Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.45, subsection 59, Code 2001, is
  1  2 amended to read as follows:
  1  3    59.  a.  The gross receipts from the sale of an article of
  1  4 clothing or footwear designed to be worn on or about the human
  1  5 body if all of the following apply:
  1  6    (1)  The the sales price of the article is less than one
  1  7 hundred dollars.
  1  8    (2)  The sale takes place during a period beginning at
  1  9 12:01 a.m. on the first Friday in August and ending at
  1 10 midnight on the following Saturday.
  1 11    b.  This subsection does not apply to any of the following:
  1 12    (1)  Special clothing or footwear that is primarily
  1 13 designed for athletic activity or protective use and that is
  1 14 not normally worn except when used for the athletic activity
  1 15 or protective use for which it is designed.
  1 16    (2)  Accessories, including jewelry, handbags, luggage,
  1 17 umbrellas, wallets, watches, and similar items carried on or
  1 18 about the human body, without regard to whether worn on the
  1 19 body in a manner characteristic of clothing.
  1 20    (3)  The rental of clothing or footwear.
  1 21    Sec. 2.  2000 Iowa Acts, chapter 1212, section 2, is
  1 22 repealed.
  1 23    Sec. 3.  EFFECTIVE AND APPLICABILITY DATES.  Section 1 of
  1 24 this Act, being deemed of immediate importance, takes effect
  1 25 upon enactment and applies to sales made on or after July 1,
  1 26 2001.  
  1 27                           EXPLANATION 
  1 28    During the 2000 legislative session legislation was enacted
  1 29 that provides for a sales and use tax exemption for clothing
  1 30 and footwear purchased on the first Friday and Saturday of
  1 31 August in each year.  The exemption only applies if the
  1 32 article of clothing or footwear purchased costs less than
  1 33 $100.  The exemption does not apply to special clothing or
  1 34 footwear that is primarily designed for athletic or protective
  1 35 use, to accessories such as jewelry, watches, luggage,
  2  1 handbags, wallets, and similar items or to the rental of
  2  2 clothing or footwear.  The exemption applies to local sales
  2  3 and services taxes.
  2  4    This bill makes that sales and use tax exemption passed in
  2  5 2000 applicable to sales throughout the year beginning with
  2  6 sales made on or after July 1, 2001.  The extended exemption
  2  7 takes effect upon enactment and applies to sales made on or
  2  8 after July 1, 2001.  
  2  9 LSB 1012XS 79
  2 10 mg/as/5

Text: SF00326                           Text: SF00328
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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