House File 771 - Introduced



                                       HOUSE FILE       
                                       BY  BOAL


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

                                      A BILL FOR

  1 An Act exempting the advisory services provided by licensed
  2    insurance producers from the sales and use taxes.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2636HH 82
  5 ak/es/88

PAG LIN



  1  1    Section 1.  Section 423.3, Code 2007, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  92.  The sales price from the sales of
  1  4 advisory services provided by persons licensed pursuant to
  1  5 chapter 522B by the commissioner of insurance.
  1  6                           EXPLANATION
  1  7    This bill exempts from state sales and use taxes the sales
  1  8 of advisory services provided by persons licensed under Code
  1  9 chapter 522B, which is the chapter on licensing insurance
  1 10 producers, by the commissioner of insurance.
  1 11 LSB 2636HH 82
  1 12 ak:rj/es/88