Senate
File
112
-
Introduced
SENATE
FILE
112
BY
ZAUN
A
BILL
FOR
An
Act
exempting
investment
counseling
services
from
the
state
1
sales
tax.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1771XS
(2)
86
mm/sc
S.F.
112
Section
1.
Section
423.2,
subsection
6,
paragraph
a,
Code
1
2015,
is
amended
to
read
as
follows:
2
a.
The
sales
price
of
any
of
the
following
enumerated
3
services
is
subject
to
the
tax
imposed
by
subsection
4
5
:
alteration
and
garment
repair;
armored
car;
vehicle
5
repair;
battery,
tire,
and
allied;
investment
counseling;
6
service
charges
of
all
financial
institutions
,
excluding
7
service
charges
for
investment
counseling
;
barber
and
beauty;
8
boat
repair;
vehicle
wash
and
wax;
campgrounds;
carpentry;
9
roof,
shingle,
and
glass
repair;
dance
schools
and
dance
10
studios;
dating
services;
dry
cleaning,
pressing,
dyeing,
and
11
laundering;
electrical
and
electronic
repair
and
installation;
12
excavating
and
grading;
farm
implement
repair
of
all
kinds;
13
flying
service;
furniture,
rug,
carpet,
and
upholstery
14
repair
and
cleaning;
fur
storage
and
repair;
golf
and
country
15
clubs
and
all
commercial
recreation;
gun
and
camera
repair;
16
house
and
building
moving;
household
appliance,
television,
17
and
radio
repair;
janitorial
and
building
maintenance
or
18
cleaning;
jewelry
and
watch
repair;
lawn
care,
landscaping,
19
and
tree
trimming
and
removal;
limousine
service,
including
20
driver;
machine
operator;
machine
repair
of
all
kinds;
motor
21
repair;
motorcycle,
scooter,
and
bicycle
repair;
oilers
and
22
lubricators;
office
and
business
machine
repair;
painting,
23
papering,
and
interior
decorating;
parking
facilities;
pay
24
television;
pet
grooming;
pipe
fitting
and
plumbing;
wood
25
preparation;
executive
search
agencies;
private
employment
26
agencies,
excluding
services
for
placing
a
person
in
employment
27
where
the
principal
place
of
employment
of
that
person
is
to
28
be
located
outside
of
the
state;
reflexology;
security
and
29
detective
services,
excluding
private
security
and
detective
30
services
furnished
by
a
peace
officer
with
the
knowledge
and
31
consent
of
the
chief
executive
officer
of
the
peace
officer’s
32
law
enforcement
agency;
sewage
services
for
nonresidential
33
commercial
operations;
sewing
and
stitching;
shoe
repair
34
and
shoeshine;
sign
construction
and
installation;
storage
35
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112
of
household
goods,
mini-storage,
and
warehousing
of
raw
1
agricultural
products;
swimming
pool
cleaning
and
maintenance;
2
tanning
beds
or
salons;
taxidermy
services;
telephone
3
answering
service;
test
laboratories,
including
mobile
testing
4
laboratories
and
field
testing
by
testing
laboratories,
and
5
excluding
tests
on
humans
or
animals;
termite,
bug,
roach,
and
6
pest
eradicators;
tin
and
sheet
metal
repair;
transportation
7
service
consisting
of
the
rental
of
recreational
vehicles
8
or
recreational
boats,
or
the
rental
of
vehicles
subject
9
to
registration
which
are
registered
for
a
gross
weight
of
10
thirteen
tons
or
less
for
a
period
of
sixty
days
or
less,
or
11
the
rental
of
aircraft
for
a
period
of
sixty
days
or
less;
12
Turkish
baths,
massage,
and
reducing
salons,
excluding
services
13
provided
by
massage
therapists
licensed
under
chapter
152C
;
14
water
conditioning
and
softening;
weighing;
welding;
well
15
drilling;
wrapping,
packing,
and
packaging
of
merchandise
other
16
than
processed
meat,
fish,
fowl,
and
vegetables;
wrecking
17
service;
wrecker
and
towing.
18
EXPLANATION
19
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
20
the
explanation’s
substance
by
the
members
of
the
general
assembly.
21
This
bill
exempts
the
furnishing
of
investment
counseling
22
services
from
the
state
sales
tax.
23
By
operation
of
Code
section
423.6,
an
item
exempt
from
the
24
imposition
of
the
sales
tax
is
also
exempt
from
the
use
tax
25
imposed
in
Code
section
423.5.
26
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