House Amendment 8711


PAG LIN




     1  1    Amend House File 2700 as follows:
     1  2 #1.  Page 40, by inserting after line 11 the
     1  3 following:
     1  4    <Sec.    .  2008 Iowa Acts, Senate File 2420,
     1  5 section 124, is amended by striking the section and
     1  6 inserting in lieu thereof the following:
     1  7    SEC. 124.  Section 423.5, subsection 3, Code 2007,
     1  8 as amended by this division of this Act, is amended to
     1  9 read as follows:
     1 10    3.  The An excise tax at the rate of five percent
     1 11 is imposed on the use of vehicles subject only to the
     1 12 issuance of a certificate of title and the use of
     1 13 manufactured housing, and on the use of leased
     1 14 vehicles, if the lease transaction does not require
     1 15 titling or registration of the vehicle, on the amount
     1 16 subject to tax as calculated pursuant to section
     1 17 423.26, subsection 2.>
     1 18 #2.  By renumbering as necessary.
     1 19
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     1 21                               
     1 22 HUSER of Polk
     1 23 HF 2700.301 82
     1 24 dea/nh/11794
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