House File 101 - Introduced



                                       HOUSE FILE       
                                       BY  LUKAN, STRUYK, KAUFMANN,
                                           and S. OLSON


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act exempting the sale of toys to certain nonprofit
  2    organizations from state sales and use taxes.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1508HH 81
  5 mg/pj/5

PAG LIN



  1  1    Section 1.  Section 423.3, Code 2005, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  85.  The sales price from the sales of
  1  4 toys to a nonprofit organization exempt from federal income
  1  5 tax under section 501 of the Internal Revenue Code that
  1  6 purchases the toys from donations collected by the nonprofit
  1  7 organization and distributes the toys to children at no cost.
  1  8                           EXPLANATION
  1  9    This bill exempts from the sales and use taxes the sales of
  1 10 toys to a nonprofit section 501 organization that purchases
  1 11 the toys from donations collected by it and distributes the
  1 12 toys to children at no cost.  An example of such an
  1 13 organization would be the United States marine corps auxiliary
  1 14 that operates the toys for tots program.
  1 15 LSB 1508HH 81
  1 16 mg/pj/5