Senate File 2398 - Introduced SENATE FILE BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO SF 2077) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act providing a sales tax exemption for purchases of solar 2 energy equipment. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5730SV 81 5 mg/cf/24 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. 89. The sales price from the sale of 1 4 solar energy equipment. For purposes of this subsection, 1 5 "solar energy equipment" means equipment capable of collecting 1 6 and converting incident solar radiation into thermal, 1 7 mechanical, or electrical energy or equipment that transforms 1 8 such converted solar energy to a storage point or to a point 1 9 of use. 1 10 EXPLANATION 1 11 This bill exempts from the sales tax the sale of equipment 1 12 that is capable of collecting and converting solar energy into 1 13 another form of energy or equipment that transforms this 1 14 converted solar energy to a storage point or a point of use. 1 15 LSB 5730SV 81 1 16 mg:rj/cf/24