House Journal: Page 1404: Thursday, April 11, 2002
20 games on property of a literary, scientific,
21 charitable, benevolent, agricultural, and religious
22 institutions and societies shall not adversely affect
23 the exemption of that property under this subsection
24 if all proceeds, in excess of expenses, are used for
25 the legitimate purposes of the institutions or
26 societies.
27 Sec. . Section 427.1, subsection 9, Code
28 Supplement 2001, is amended by adding the following
29 new unnumbered paragraph:
30 NEW UNNUMBERED PARAGRAPH. The operation of bingo
31 games on property of an educational institution shall
32 not adversely affect the exemption of that property
33 under this subsection if all proceeds, in excess of
34 expenses, are used for the legitimate purposes of the
35 educational institution."
36 7. Page 21, by striking lines 33 through 35.
37 8. Page 22, by striking lines 24 through 29.
38 9. By striking page 22, line 30, through page 23,
39 line 3, and inserting the following:
40 "Sec. .
41 1. ABATEMENT OF SALES AND USE TAXES. The director
42 of revenue and finance shall abate unpaid state sales
43 and use taxes and local sales and services taxes owed
44 by any foundry located in Lee or Jefferson county on
45 purchases of tangible personal property used by the
46 foundry in making patterns, molds, or dies which
47 purchases occurred between July 1, 1997, and the
48 effective date of this section.
49 2. REFUNDS. If the state sales and use taxes and
50 local sales and services taxes have been paid on the
Page 3
1 purchases of tangible personal property which occurred
2 between July 1, 1997, and the effective date of this
3 section and which taxes would have been abated under
4 subsection 1 if not paid, then such taxes and any
5 interest and penalties, that were paid, are eligible
6 for refund. However, refunds shall not be allowed
7 unless claims are filed prior to October 1, 2002, and
8 shall be limited to twenty-five thousand dollars in
9 the aggregate. If the amount of claims totals more
10 than twenty-five thousand dollars in the aggregate,
11 the department of revenue and finance shall prorate
12 the twenty-five thousand dollars among all claimants
13 in relation to the amounts of the claimants' valid
14 claims."
15 10. Page 23, by inserting before line 4 the
16 following:
17 "Sec. . VOLUNTEER FIRE FIGHTERS PENSION TASK
18 FORCE -REPORT. A volunteer fire fighters pension
© 2002 Cornell College and
League of Women Voters of Iowa
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