Bill Text: IA HF2357 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act relating to registration fees for motor vehicles transferred to a nonprofit corporation for donation to needy individuals. (Formerly HF 2074)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2014-03-06 - Passed subcommittee. [HF2357 Detail]
Download: Iowa-2013-HF2357-Introduced.html
House
File
2357
-
Introduced
HOUSE
FILE
2357
BY
COMMITTEE
ON
TRANSPORTATION
(SUCCESSOR
TO
HF
2074)
A
BILL
FOR
An
Act
relating
to
registration
fees
for
motor
vehicles
1
transferred
to
a
nonprofit
corporation
for
donation
to
needy
2
individuals.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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2357
Section
1.
Section
321.105A,
subsection
2,
paragraph
c,
1
Code
2014,
is
amended
by
adding
the
following
new
subparagraph:
2
NEW
SUBPARAGRAPH
.
(31)
A
motor
vehicle
transferred
to
a
3
nonprofit
entity
which
is
exempt
from
federal
income
taxation
4
pursuant
to
section
501(c)(3)
of
the
Internal
Revenue
Code
5
in
a
transaction
in
which
no
consideration
is
given,
to
be
6
reconditioned
by
the
nonprofit
entity
for
donation
to
a
needy
7
individual
served
by
the
nonprofit
entity.
8
Sec.
2.
NEW
SECTION
.
321.118
Donated
vehicles.
9
The
annual
registration
fee
is
ten
dollars
for
a
motor
10
vehicle
transferred
to
a
nonprofit
entity
which
is
exempt
11
from
federal
income
taxation
pursuant
to
section
501(c)(3)
12
of
the
Internal
Revenue
Code
in
a
transaction
in
which
no
13
consideration
is
given,
to
be
reconditioned
by
the
nonprofit
14
entity
for
donation
to
a
needy
individual
served
by
the
15
nonprofit
entity.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
establishes
an
annual
registration
fee
of
$10
for
20
a
motor
vehicle
that
is
transferred
to
a
nonprofit
entity
in
21
a
transaction
involving
no
consideration,
to
be
reconditioned
22
by
the
nonprofit
entity
for
donation
to
a
needy
individual.
23
In
addition,
the
bill
provides
an
exemption
from
the
fee
for
24
new
registration
for
such
a
vehicle.
When
the
vehicle
is
25
transferred
from
the
nonprofit
entity
to
the
donee,
the
annual
26
registration
fee
would
be
the
regular
registration
fee
for
the
27
vehicle.
28
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