House Study Bill 213 - Introduced HOUSE FILE _____ BY (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON SANDS) A BILL FOR An Act providing a sales tax exemption for global positioning 1 systems used in farming operations. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1990YC (4) 84 tw/sc
H.F. _____ Section 1. Section 423.3, Code 2011, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 96. The sales price of global positioning 3 systems, including software activation and subscription fees, 4 used in farming operations. 5 EXPLANATION 6 This bill provides a sales tax exemption for the sales price 7 of global positioning systems, including software activation 8 and subscription fees, used in farming operations. 9 By operation of Code section 423.6, an item exempt from the 10 imposition of the sales tax is also exempt from the use tax 11 imposed in Code section 423.5. 12 -1- LSB 1990YC (4) 84 tw/sc 1/ 1