Senate
File
35
-
Introduced
SENATE
FILE
35
BY
ZAUN
A
BILL
FOR
An
Act
exempting
investment
counseling
services
and
related
1
service
charges
from
the
state
sales
tax.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1575XS
(3)
87
mm/sc
S.F.
35
Section
1.
Section
423.2,
subsection
6,
paragraph
a,
Code
1
2017,
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
repair;
5
battery,
tire,
and
allied;
investment
counseling;
service
6
charges
of
all
financial
institutions
,
excluding
service
7
charges
for
investment
counseling
;
barber
and
beauty;
boat
8
repair;
vehicle
wash
and
wax;
campgrounds;
carpentry;
roof,
9
shingle,
and
glass
repair;
dance
schools
and
dance
studios;
10
dating
services;
dry
cleaning,
pressing,
dyeing,
and
laundering
11
excluding
the
use
of
self-pay
washers
and
dryers;
electrical
12
and
electronic
repair
and
installation;
excavating
and
13
grading;
farm
implement
repair
of
all
kinds;
flying
service;
14
furniture,
rug,
carpet,
and
upholstery
repair
and
cleaning;
fur
15
storage
and
repair;
golf
and
country
clubs
and
all
commercial
16
recreation;
gun
and
camera
repair;
house
and
building
moving;
17
household
appliance,
television,
and
radio
repair;
janitorial
18
and
building
maintenance
or
cleaning;
jewelry
and
watch
19
repair;
lawn
care,
landscaping,
and
tree
trimming
and
removal;
20
limousine
service,
including
driver;
machine
operator;
machine
21
repair
of
all
kinds;
motor
repair;
motorcycle,
scooter,
and
22
bicycle
repair;
oilers
and
lubricators;
office
and
business
23
machine
repair;
painting,
papering,
and
interior
decorating;
24
parking
facilities;
pay
television;
pet
grooming;
pipe
25
fitting
and
plumbing;
wood
preparation;
executive
search
26
agencies;
private
employment
agencies,
excluding
services
27
for
placing
a
person
in
employment
where
the
principal
place
28
of
employment
of
that
person
is
to
be
located
outside
of
the
29
state;
reflexology;
security
and
detective
services,
excluding
30
private
security
and
detective
services
furnished
by
a
peace
31
officer
with
the
knowledge
and
consent
of
the
chief
executive
32
officer
of
the
peace
officer’s
law
enforcement
agency;
sewage
33
services
for
nonresidential
commercial
operations;
sewing
34
and
stitching;
shoe
repair
and
shoeshine;
sign
construction
35
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35
and
installation;
storage
of
household
goods,
mini-storage,
1
and
warehousing
of
raw
agricultural
products;
swimming
pool
2
cleaning
and
maintenance;
tanning
beds
or
salons;
taxidermy
3
services;
telephone
answering
service;
test
laboratories,
4
including
mobile
testing
laboratories
and
field
testing
by
5
testing
laboratories,
and
excluding
tests
on
humans
or
animals
6
and
excluding
environmental
testing
services;
termite,
bug,
7
roach,
and
pest
eradicators;
tin
and
sheet
metal
repair;
8
transportation
service
consisting
of
the
rental
of
recreational
9
vehicles
or
recreational
boats,
or
the
rental
of
vehicles
10
subject
to
registration
which
are
registered
for
a
gross
11
weight
of
thirteen
tons
or
less
for
a
period
of
sixty
days
or
12
less,
or
the
rental
of
aircraft
for
a
period
of
sixty
days
or
13
less;
Turkish
baths,
massage,
and
reducing
salons,
excluding
14
services
provided
by
massage
therapists
licensed
under
chapter
15
152C
;
water
conditioning
and
softening;
weighing;
welding;
16
well
drilling;
wrapping,
packing,
and
packaging
of
merchandise
17
other
than
processed
meat,
fish,
fowl,
and
vegetables;
wrecking
18
service;
wrecker
and
towing.
19
EXPLANATION
20
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
21
the
explanation’s
substance
by
the
members
of
the
general
assembly.
22
This
bill
exempts
the
furnishing
of
investment
counseling
23
services,
including
service
charges
by
financial
institutions
24
for
investment
counseling,
from
the
state
sales
tax.
25
By
operation
of
Code
section
423.6,
an
item
exempt
from
the
26
imposition
of
the
sales
tax
is
also
exempt
from
the
use
tax
27
imposed
in
Code
section
423.5.
28
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