Bill Text: IA HF2445 | 2011-2012 | 84th General Assembly | Introduced
Bill Title: A bill for an act providing a sales tax exemption for sales of textbooks for limited time periods annually and including effective date provisions. (Formerly HSB 662)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2012-03-16 - Fiscal note. HCS. [HF2445 Detail]
Download: Iowa-2011-HF2445-Introduced.html
House
File
2445
-
Introduced
HOUSE
FILE
2445
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HSB
662)
A
BILL
FOR
An
Act
providing
a
sales
tax
exemption
for
sales
of
textbooks
1
for
limited
time
periods
annually
and
including
effective
2
date
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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2445
Section
1.
Section
423.3,
Code
Supplement
2011,
is
amended
1
by
adding
the
following
new
subsection:
2
NEW
SUBSECTION
.
96.
a.
The
sales
price
of
new
and
used
3
textbooks
for
use
in
attending
a
postsecondary
educational
4
institution
if
the
sale
takes
place
during
either
of
the
5
following
periods:
6
(1)
The
period
beginning
at
12:01
a.m.
on
the
first
Friday
7
in
August
and
ending
at
midnight
on
the
following
Saturday.
8
(2)
The
period
beginning
at
12:01
a.m.
on
the
first
Friday
9
in
January
and
ending
at
midnight
on
the
following
Saturday.
10
b.
For
purposes
of
this
subsection:
11
(1)
“Postsecondary
educational
institution”
means
an
12
accredited
higher
education
institution
as
defined
in
section
13
261.92,
an
Iowa
community
college,
a
postsecondary
educational
14
institution
under
the
control
of
the
state
board
of
regents,
a
15
school
of
cosmetology
arts
and
sciences
licensed
under
chapter
16
157,
or
a
barber
school
licensed
under
chapter
158.
17
(2)
“Textbooks”
means
books
and
other
printed
materials
used
18
in
attending
a
postsecondary
educational
institution
in
this
19
state.
20
c.
Postsecondary
educational
institutions
are
required
21
to
provide
the
titles
of
required
and
recommended
textbooks
22
for
all
courses
and
the
corresponding
authors,
publishers,
23
and
international
standard
book
numbers
for
such
textbooks
on
24
the
postsecondary
educational
institution’s
internet
site
for
25
access
to
all
booksellers
and
all
students.
The
state
board
26
of
regents
shall
designate
the
format
by
which
the
textbook
27
information
shall
be
provided.
28
d.
In
order
to
receive
the
sales
tax
exemption,
a
person
is
29
required
to
show
a
current
official
identification
card
from
a
30
postsecondary
educational
institution
and
either
the
purchaser
31
or
the
bookseller
must
show
that
a
textbook
intended
to
be
32
purchased
is
on
a
list
of
textbooks
provided
by
a
postsecondary
33
educational
institution
under
paragraph
“c”
.
34
Sec.
2.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
35
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immediate
importance,
takes
effect
upon
enactment.
1
EXPLANATION
2
This
bill
provides
an
annual
limited-time
sales
tax
3
exemption
for
textbooks
used
in
attending
a
public
or
private
4
Iowa
postsecondary
educational
institution,
including
licensed
5
cosmetology
and
barber
schools.
“Textbooks”
is
defined
as
6
books
and
other
printed
materials.
7
Postsecondary
educational
institutions
are
required
to
8
provide
the
titles
of
textbooks
for
all
courses
and
the
9
authors,
publishers,
and
corresponding
international
standard
10
book
numbers
for
the
textbooks
on
the
institution’s
internet
11
site
in
order
for
all
booksellers
and
students
to
have
access
12
to
the
information.
The
state
board
of
regents
is
required
to
13
provide
the
format
in
which
the
textbook
information
must
be
14
provided.
15
In
order
to
qualify
for
the
exemption,
the
textbook
sale
must
16
take
place
during
either
of
the
periods
beginning
at
12:01
a.m.
17
on
the
first
Friday
in
January
or
August
and
ending
at
midnight
18
on
the
following
Saturday,
and
a
person
must
show
a
current
19
official
identification
card
from
a
postsecondary
educational
20
institution
and
either
the
purchaser
or
the
bookseller
must
21
show
that
the
textbook
intended
to
be
purchased
is
on
an
22
institution’s
textbooks
list.
23
By
operation
of
Code
section
423.6,
an
item
exempt
from
the
24
imposition
of
the
sales
tax
is
also
exempt
from
the
use
tax
25
imposed
in
Code
section
423.5.
26
The
bill
takes
effect
upon
enactment.
27
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