House Journal: Page 139: Wednesday, January 24, 2001
8 by adding the following new subsection:
9 NEW SUBSECTION. 60. a. Subject to paragraph "b",
10 the gross receipts from the sale, furnishing, or
11 service of metered gas for residential customers and
12 the gross receipts from the sale, furnishing, or
13 service of fuel, including propane and heating oil,
14 used to provide heat for residential customers.
15 b. The exemption in this subsection shall be
16 phased in by means of a reduction in the tax rate as
17 follows:
18 (1) If the date of the utility billing of the
19 customer for the sale, furnishing, or service of
20 metered gas is between March 1, 2001, and December 31,
21 2001, or the sale, furnishing, or service of fuel for
22 heating purposes occurs between March 1, 2001, and
23 December 31, 2001, the rate of tax is four percent of
24 the gross receipts.
25 (2) If the date of the utility billing of the
26 customer for the sale, furnishing, or service of
27 metered gas is between January 1, 2002, and December
28 31, 2002, or the sale, furnishing, or service of fuel
29 for heating purposes occurs between January 1, 2002,
30 and December 31, 2002, the rate of tax is three
31 percent of the gross receipts.
32 (3) If the date of the utility billing of the
33 customer for the sale, furnishing, or service of
34 metered gas is between January 1, 2003, and December
35 31, 2003, or the sale, furnishing, or service of fuel
36 for heating purposes occurs between January 1, 2003,
37 and December 31, 2003, the rate of tax is two percent
38 of the gross receipts.
39 (4) If the date of the utility billing of the
40 customer for the sale, furnishing, or service of
41 metered gas is between January 1, 2004, and December
42 31, 2004, or the sale, furnishing, or service of fuel
43 for heating purposes occurs between January 1, 2004,
44 and December 31, 2004, the rate of tax is one percent
45 of the gross receipts.
46 (5) If the date of the utility billing of the
47 customer for the sale, furnishing, or service of
48 metered gas is on or after January 1, 2005, or the
49 sale, furnishing, or service of fuel for heating
50 purposes occurs on or after January 1, 2005, the rate
Page 2
1 of tax is zero percent of the gross receipts.
2 Sec. 2. EFFECTIVE DATE. This Act, being deemed of
3 immediate importance, takes effect upon enactment."
4 2. Title page, by striking lines 1 through 5 and
5 inserting the following: "An Act relating to the
6 phasing in of an exemption from state sales and use
© 2001 Cornell College and
League of Women Voters of Iowa
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