HSB 231 (LSB 2531YC (2) 90)

HOUSE FILE _____ 

BY  (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON KAUFMANN)

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 2023, is amended by adding the following new subsection:
   NEW SUBSECTION.  110.  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.