House Journal: Page 1276: Thursday, April 19, 2001
5 2001 Iowa Acts, House File 1, section 2, is amended to
6 read as follows:
7 61. a. Subject to paragraph "b", the gross
8 receipts from the sale, furnishing, or service of
9 metered gas, and electricity, to provide energy for
10 and fuel, including propane and heating oil to
11 residential customers and the gross receipts from the
12 sale, furnishing, or service of fuel, including
13 propane and heating oil, which is used to provide heat
14 energy for residential dwellings and units of
15 apartment and condominium complexes used for human
16 occupancy.
17 b. The exemption in this subsection shall be
18 phased in by means of a reduction in the tax rate as
19 follows:
20 (1) If the date of the utility billing or meter
21 reading cycle of the residential customer for the
22 sale, furnishing, or service of metered gas and
23 electricity is between on or after January 1, 2002,
24 and through December 31, 2002, or if the sale,
25 furnishing, or service of fuel for heating purposes
26 occurs between of residential energy and the delivery
27 of the fuel occurs on or after January 1, 2002, and
28 through December 31, 2002, the rate of tax is four
29 percent of the gross receipts.
30 (2) If the date of the utility billing or meter
31 reading cycle of the residential customer for the
32 sale, furnishing, or service of metered gas and
33 electricity is between on or after January 1, 2003,
34 and through December 31, 2003, or if the sale,
35 furnishing, or service of fuel for heating purposes
36 occurs between of residential energy and the delivery
37 of the fuel occurs on or after January 1, 2003, and
38 through December 31, 2003, the rate of tax is three
39 percent of the gross receipts.
40 (3) If the date of the utility billing or meter
41 reading cycle of the residential customer for the
42 sale, furnishing, or service of metered gas and
43 electricity is between on or after January 1, 2004,
44 and through December 31, 2004, or if the sale,
45 furnishing, or service of fuel for heating purposes
46 occurs between of residential energy and the delivery
47 of the fuel occurs on or after January 1, 2004, and
48 through December 31, 2004, the rate of tax is two
49 percent of the gross receipts.
50 (4) If the date of the utility billing or meter
Page 2
1 reading cycle of the residential customer for the
2 sale, furnishing, or service of metered gas and
3 electricity is between on or after January 1, 2005,
© 2001 Cornell College and
League of Women Voters of Iowa
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