House File 2407 - IntroducedA Bill ForAn Act 1exempting from the sales and use tax the services
2provided by a municipally owned parking facility, and
3including retroactive applicability provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1   Section 1.  Section 423.2, subsection 6, paragraph ak, Code
22020, is amended to read as follows:
   3ak.  Parking Privately owned, for-profit facilities.
4   Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies
5retroactively to January 1, 2008.
6EXPLANATION
7The inclusion of this explanation does not constitute agreement with
8the explanation’s substance by the members of the general assembly.
   9This bill exempts from the sales and use tax the services
10provided by parking facilities if the parking facility is not a
11privately owned, for-profit facility. Currently, the services
12provided by any parking facility are subject to the sales and
13use tax.
   14The bill applies retroactively to January 1, 2008.
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jm/jh