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
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