Text: SF02025 Text: SF02027 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SENATE FILE 2026
1 2
1 3 AN ACT
1 4 RELATING TO THE PHASEOUT OF THE SALES AND USE TAXES ON THE
1 5 SALE AND FURNISHING OF GAS, ELECTRICITY, AND FUEL TO
1 6 RESIDENTIAL CUSTOMERS.
1 7
1 8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 9
1 10 Section 1. Section 423.3, as enacted by 2003 Iowa Acts,
1 11 First Extraordinary Session, chapter 2, section 96, is amended
1 12 by adding the following new subsection:
1 13 NEW SUBSECTION. 84. a. Subject to paragraph "b", the
1 14 sales price from the sale or furnishing of metered gas,
1 15 electricity, and fuel, including propane and heating oil, to
1 16 residential customers which is used to provide energy for
1 17 residential dwellings and units of apartment and condominium
1 18 complexes used for human occupancy.
1 19 b. The exemption in this subsection shall be phased in by
1 20 means of a reduction in the tax rate as follows:
1 21 (1) If the date of the utility billing or meter reading
1 22 cycle of the residential customer for the sale or furnishing
1 23 of metered gas and electricity is on or after January 1, 2004,
1 24 through December 31, 2004, or if the sale or furnishing of
1 25 fuel for purposes of residential energy and the delivery of
1 26 the fuel occurs on or after January 1, 2004, through December
1 27 31, 2004, the rate of tax is two percent of the sales price.
1 28 (2) If the date of the utility billing or meter reading
1 29 cycle of the residential customer for the sale or furnishing
1 30 of metered gas and electricity is on or after January 1, 2005,
1 31 through December 31, 2005, or if the sale or furnishing of
1 32 fuel for purposes of residential energy and the delivery of
1 33 the fuel occurs on or after January 1, 2005, through December
1 34 31, 2005, the rate of tax is one percent of the sales price.
1 35 (3) If the date of the utility billing or meter reading
2 1 cycle of the residential customer for the sale or furnishing
2 2 of metered gas and electricity is on or after January 1, 2006,
2 3 or if the sale, furnishing, or service of fuel for purposes of
2 4 residential energy and the delivery of the fuel occurs on or
2 5 after January 1, 2006, the rate of tax is zero percent of the
2 6 sales price.
2 7 c. The exemption in this subsection does not apply to
2 8 local option sales and services tax imposed pursuant to
2 9 chapters 423B and 423E.
2 10
2 11
2 12
2 13 JEFFREY M. LAMBERTI
2 14 President of the Senate
2 15
2 16
2 17
2 18 CHRISTOPHER C. RANTS
2 19 Speaker of the House
2 20
2 21 I hereby certify that this bill originated in the Senate and
2 22 is known as Senate File 2026, Eightieth General Assembly.
2 23
2 24
2 25
2 26 MICHAEL E. MARSHALL
2 27 Secretary of the Senate
2 28 Approved , 2004
2 29
2 30
2 31
2 32 THOMAS J. VILSACK
2 33 Governor
Text: SF02025 Text: SF02027 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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