Text: HF00025 Text: HF00027 Text: HF00000 - HF00099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code 2003, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 64. The gross receipts from the sale or
1 4 rental of mold making equipment, sand, and chemicals directly
1 5 and primarily used in the mold making process by a foundry.
1 6 Sec. 2. REFUNDS. Refunds of taxes, interest, or penalties
1 7 which arise from claims resulting from the enactment of
1 8 section 422.45, subsection 64, in this Act, for sales or
1 9 rentals occurring between July 1, 1997, and the effective date
1 10 of this Act, shall not be allowed unless refund claims are
1 11 filed prior to October 1, 2003, notwithstanding any other
1 12 provision of law.
1 13 Sec. 3. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 14 PROVISION. This Act, being deemed of immediate importance,
1 15 takes effect upon enactment and applies retroactively to July
1 16 1, 1997.
1 17 EXPLANATION
1 18 This bill exempts from the sales and use taxes the sale or
1 19 rental of mold making equipment, sand, and chemicals directly
1 20 and primarily used by a foundry in the mold making process.
1 21 Refunds, as a result of this exemption, are allowed if claims
1 22 are filed prior to October 1, 2003. The exemption is
1 23 retroactively applicable to July 1, 1997, for sales or rentals
1 24 made on or after that date.
1 25 The bill takes effect upon enactment.
1 26 LSB 1455HT 80
1 27 mg/sh/8
Text: HF00025 Text: HF00027 Text: HF00000 - HF00099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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