House File 2001 - Introduced HOUSE FILE BY TYMESON, EICHHORN, HUTTER, GRANZOW, CHAMBERS, ALONS, DE BOEF, WATTS, CARROLL, HEATON, DRAKE, HOFFMAN, FREEMAN, WILDERDYKE, and UPMEYER Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act exempting the sale of certain school supplies from the 2 sales and use taxes during a specified time. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5017HH 81 5 mg/gg/14 PAG LIN 1 1 Section 1. Section 423.3, Code Supplement 2005, is amended 1 2 by adding the following new subsection: 1 3 NEW SUBSECTION. 68A. The sales price from the sale of 1 4 general school supplies which are intended for classroom use 1 5 if all of the following apply: 1 6 a. The sales price of each item is less than twenty 1 7 dollars. 1 8 b. The sale takes place during a period beginning at 12:01 1 9 a.m. on the first Friday in August and ending at midnight on 1 10 the following Saturday. 1 11 EXPLANATION 1 12 This bill provides a sales and use tax holiday for the 1 13 purchase of general school supplies which are intended to be 1 14 used in the classroom if two conditions are met: the price of 1 15 each item is less than $20 and the sale takes place on the 1 16 first Friday and Saturday in August. 1 17 LSB 5017HH 81 1 18 mg:nh/gg/14