House File 640 - Introduced HOUSE FILE 640 BY LUKAN A BILL FOR An Act providing a sales tax exemption for the sale of certain 1 biomass fuel-burning stoves. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2222HH (3) 84 tw/sc

H.F. 640 Section 1. Section 423.3, Code 2011, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 96. The sales price of a biomass 3 fuel-burning stove. For purposes of this subsection, “biomass 4 fuel-burning stove” means a stove qualifying as energy-efficient 5 building property under section 25C(d)(3)(E) of the federal 6 Internal Revenue Code. 7 EXPLANATION 8 This bill provides a sales tax exemption for certain biomass 9 fuel-burning stoves that qualify as energy-efficient building 10 property under section 25C(d)(3)(E) of the federal Internal 11 Revenue Code. 12 By operation of Code section 423.6, an item exempt from the 13 imposition of the sales tax is also exempt from the use tax 14 imposed in Code section 423.5. 15 -1- LSB 2222HH (3) 84 tw/sc 1/ 1