(110) Leased motor vehicles — new registrations — fee exemptions (HF676) Draft providing an exemption from the fee for new registration for motor vehicles leased to certain governmental agencies and nonprofit entities.Be It Enacted by the General Assembly of the State of Iowa: (1)Section 321.105A, subsection 2, paragraph c, subparagraph (25), unnumbered paragraph 1, Code 2011, is amended to read as follows:Vehicles subject to registration under this chapter with a gross vehicle weight rating of less than sixteen thousand pounds when purchased for lease and titled by the lessor licensed pursuant to chapter 321F and actually leased for a period of twelve months or more if the lease of the vehicle is subject to the fee for new registration under subsection 3or exempt from the fee for new registration pursuant to subsection 3, paragraph “f”. (2)Section 321.105A, subsection 3, Code 2011, is amended by adding the following new paragraph:NEW PARAGRAPHf.The following are exempt from the fee for new registration imposed under this subsection as long as a valid affidavit is filed with the county treasurer at the time of application for registration:(1)Vehicles leased to entities listed in section 423.3, subsections 17, 18, 19, 20, 21, 22, 26, 27, 28, 31, and 79, to the extent that those entities are exempt from the tax imposed on the sale of tangible personal property, consisting of goods, wares, or merchandise, sold at retail in the state to consumers or users.(2)A vehicle leased directly to a federal, state, or local governmental agency and titled in an individual’s name pursuant to a governmental program authorized by law.Approved May 12, 2011
The Iowa Legislature > Publications > Search Legislative Documents > Search Result 
Print
Print