Text: SF02227 Text: SF02229 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code Supplement 2003, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 66. The gross receipts from services
1 4 rendered, furnished, or performed for the production of master
1 5 audio, video, film, or digital recordings or similar media.
1 6 Sec. 2. Section 423.3, as enacted by 2003 Iowa Acts, First
1 7 Extraordinary Session, chapter 2, section 96, is amended by
1 8 adding the following new subsection:
1 9 NEW SUBSECTION. 84. The sales price of services furnished
1 10 for the production of master audio, video, film, or digital
1 11 recordings or similar media.
1 12 Sec. 3. REFUNDS. Refunds of taxes, interest, or penalties
1 13 which arise from claims resulting from the enactment of
1 14 section 1 of this Act, for sales of services furnished which
1 15 are used in the production of master audio, video, film, or
1 16 digital recordings or similar media occurring between January
1 17 1, 1994, and the effective date of section 1 of this Act,
1 18 shall be limited to twenty-five thousand dollars in the
1 19 aggregate and shall not be allowed unless refund claims are
1 20 filed prior to October 1, 2004, notwithstanding any other
1 21 provision of law. If the amount of claims totals more than
1 22 twenty-five thousand dollars in the aggregate, the department
1 23 of revenue shall prorate the twenty-five thousand dollars
1 24 among all claimants in relation to the amounts of the
1 25 claimants' valid claims.
1 26 Sec. 4. EFFECTIVE DATES AND RETROACTIVE APPLICABILITY
1 27 PROVISIONS.
1 28 1. This Act, except for section 2 of this Act, being
1 29 deemed of immediate importance, takes effect upon enactment
1 30 and applies retroactively to January 1, 1994.
1 31 2. Section 2 of this Act takes effect July 1, 2004.
1 32 3. Section 1 of this Act is void on and after July 1,
1 33 2004.
1 34 4. Section 3 of this Act ceases to apply after September
1 35 30, 2004.
2 1 EXPLANATION
2 2 This bill exempts from state sales and use taxes the
2 3 provision of services for the production of master audio,
2 4 video, film, or digital recordings or similar media. The bill
2 5 takes effect upon enactment and applies retroactively to
2 6 January 1, 1994. Because of the retroactive applicability
2 7 provision, refunds of any taxes are limited to $25,000 and
2 8 claims for refund must be filed before October 1, 2004.
2 9 Because Code section 422.45 is repealed and transferred to
2 10 Code section 423.3 as a result of action taken in the 2003
2 11 Special Session, the exemption for these services is also
2 12 added to Code section 423.3 as provided in section 2 of this
2 13 bill.
2 14 LSB 5613SS 80
2 15 mg/gg/14
Text: SF02227 Text: SF02229 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 11 03:30:01 CST 2004
URL: /DOCS/GA/80GA/Legislation/SF/02200/SF02228/040302.html
jhf