Senate Study Bill 1302 



                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            WAYS AND MEANS BILL BY
                                            CHAIRPERSON BOLKCOM)


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

                                      A BILL FOR

  1 An Act eliminating the sales and use tax exemptions on the sale
  2    of certain aircraft, aircraft=related services and equipment,
  3    and specialized flying implements of husbandry.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 2641XC 83
  6 tw/sc:mg/14

PAG LIN



  1  1    Section 1.  Section 423.3, subsections 7, 61, 75, and 76,
  1  2 Code 2009, are amended by striking the subsections.
  1  3    Sec. 2.  Section 423.6, subsections 13 and 14, Code 2009,
  1  4 are amended by striking the subsections.
  1  5                           EXPLANATION
  1  6    Current law provides for the following exemptions from the
  1  7 sales and use taxes:  (1) the sales price of services
  1  8 furnished by specialized flying implements of husbandry used
  1  9 for agricultural aerial spraying; (2) the sales price from
  1 10 services furnished by aerial commercial and charter
  1 11 transportation services; (3) the sales price from the sale or
  1 12 rental of aircraft; and (4) the sale or rental of tangible
  1 13 personal property permanently affixed or attached as a
  1 14 component part of the aircraft.
  1 15    This bill eliminates these exemptions.
  1 16 LSB 2641XC 83
  1 17 tw/sc:mg/14