Text: H08008 Text: H08010 Text: H08000 - H08099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2038 as follows:
1 2 #1. By striking everything after the enacting
1 3 clause and inserting the following:
1 4 "Section 1. Section 423.3, as enacted by 2003 Iowa
1 5 Acts, First Extraordinary Session, chapter 2, section
1 6 96, is amended by adding the following new subsection:
1 7 NEW SUBSECTION. 84. a. Subject to paragraph "b",
1 8 the sales price from the sale or furnishing of metered
1 9 gas, electricity, and fuel, including propane and
1 10 heating oil, to residential customers which is used to
1 11 provide energy for residential dwellings and units of
1 12 apartment and condominium complexes used for human
1 13 occupancy.
1 14 b. The exemption in this subsection shall be
1 15 phased in by means of a reduction in the tax rate as
1 16 follows:
1 17 (1) If the date of the utility billing or meter
1 18 reading cycle of the residential customer for the sale
1 19 or furnishing of metered gas and electricity is on or
1 20 after July 1, 2004, through June 30, 2008, or if the
1 21 sale or furnishing of fuel for purposes of residential
1 22 energy and the delivery of the fuel occurs on or after
1 23 July 1, 2004, through June 30, 2008, the rate of tax
1 24 is three percent of the sales price.
1 25 (2) If the date of the utility billing or meter
1 26 reading cycle of the residential customer for the sale
1 27 or furnishing of metered gas and electricity is on or
1 28 after July 1, 2008, through June 30, 2009, or if the
1 29 sale or furnishing of fuel for purposes of residential
1 30 energy and the delivery of the fuel occurs on or after
1 31 July 1, 2008, through June 30, 2009, the rate of tax
1 32 is two percent of the sales price.
1 33 (3) If the date of the utility billing or meter
1 34 reading cycle of the residential customer for the sale
1 35 or furnishing of metered gas and electricity is on or
1 36 after July 1, 2009, through June 30, 2010, or if the
1 37 sale or furnishing of fuel for purposes of residential
1 38 energy and the delivery of the fuel occurs on or after
1 39 July 1, 2009, through June 30, 2010, the rate of tax
1 40 is one percent of the sales price.
1 41 (4) If the date of the utility billing or meter
1 42 reading cycle of the residential customer for the sale
1 43 or furnishing of metered gas and electricity is on or
1 44 after July 1, 2010, or if the sale, furnishing, or
1 45 service of fuel for purposes of residential energy and
1 46 the delivery of the fuel occurs on or after July 1,
1 47 2010, the rate of tax is zero percent of the sales
1 48 price.
1 49 c. The exemption in this subsection does not apply
1 50 to local option sales and services tax imposed
2 1 pursuant to chapters 423B and 423E."
2 2
2 3
2 4
2 5 JENKINS of Black Hawk
2 6
2 7
2 8
2 9 TJEPKES of Webster
2 10
2 11
2 12
2 13 WILDERDYKE of Harrison
2 14
2 15
2 16
2 17 DRAKE of Pottawattamie
2 18 HF 2038.201 80
2 19 mg/sh/8
Text: H08008 Text: H08010 Text: H08000 - H08099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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