Bill Text: IA HF2486 | 2017-2018 | 87th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: A bill for an act relating to postsecondary institutions by exempting from the sales tax the sale of instructional materials required for use in a course of instruction at a postsecondary institution in this state and by excluding postsecondary institutions from the sales tax exemption for sales where the profits are used by or donated to certain nonprofit entities for educational, religious, or charitable purposes. (Formerly HSB 683.)

Spectrum: Committee Bill

Status: (Engrossed - Dead) 2018-05-02 - Subcommittee recommends passage. [HF2486 Detail]

Download: Iowa-2017-HF2486-Introduced.html

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House File 2486 - Introduced




                                 HOUSE FILE       
                                 BY  COMMITTEE ON WAYS AND
                                     MEANS

                                 (SUCCESSOR TO HSB 683)

                                      A BILL FOR

  1 An Act exempting from the sales tax the sale of instructional
  2    materials required for use in a course of instruction at a
  3    postsecondary institution in this state.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    TLSB 6232HV (1) 87
    mm/jh

PAG LIN



  1  1    Section 1.  Section 423.3, Code 2018, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  103.  a.  The sales price from the sale of
  1  4 instructional materials required for a course of instruction
  1  5 at a postsecondary institution in this state, when purchased
  1  6 for use by a student enrolled in such course of instruction at
  1  7 the postsecondary institution.
  1  8    b.  For purposes of this subsection:
  1  9    (1)  "Instructional materials"  means books, textbooks, and
  1 10 other course materials, whether in printed form or another
  1 11 tangible storage media.
  1 12    (2)  "Postsecondary institution" means an institution
  1 13 of higher learning under the control of the state board of
  1 14 regents, a community college established under chapter 260C, or
  1 15 an accredited private institution as defined in section 261.9.
  1 16                           EXPLANATION
  1 17 The inclusion of this explanation does not constitute agreement with
  1 18 the explanation's substance by the members of the general assembly.
  1 19    This bill provides a sales tax exemption for the sale of
  1 20 instructional materials required for a course of instruction
  1 21 at a postsecondary institution in this state, when purchased
  1 22 for use by a student enrolled in such course of instruction at
  1 23 the postsecondary institution.  "Postsecondary institution" and
  1 24 "instructional materials" are defined in the bill.
  1 25    By operation of Code section 423.6, an item exempt from the
  1 26 imposition of the sales tax is also exempt from the use tax
  1 27 imposed in Code section 423.5.
       LSB 6232HV (1) 87
       mm/jh