SF 310 (LSB 1651XS (1) 86)

SENATE FILE 310

BY  MATHIS

A BILL FOR

An Act providing a sales and use tax exemption for the furnishing of certain parking facilities services.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 423.3, Code 2015, is amended by adding the following new subsection:
   NEW SUBSECTION.  101.  The sales price from the furnishing of a parking facilities service subject to section 423.2, subsection 6, if the following requirements are met:
   a.  The parking facilities are owned by a county or city.
   b.  The service is furnished by a nonprofit organization at the direct or indirect request of the county or city that owns the parking facilities.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   This bill exempts the sales price from the furnishing of a parking facilities service if the parking facilities are owned by a county or city, and the service is furnished by a nonprofit organization at the direct or indirect request of that county or city.
   By operation of Code section 423.6, an item exempt from the imposition of the sales tax is also exempt from the use tax imposed in Code section 423.5.