Bill Text: IA HF640 | 2011-2012 | 84th General Assembly | Introduced
Bill Title: A bill for an act providing a sales tax exemption for the sale of certain biomass fuel-burning stoves.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-12-31 - END OF 2011 ACTIONS [HF640 Detail]
Download: Iowa-2011-HF640-Introduced.html
House
File
640
-
Introduced
HOUSE
FILE
640
BY
LUKAN
A
BILL
FOR
An
Act
providing
a
sales
tax
exemption
for
the
sale
of
certain
1
biomass
fuel-burning
stoves.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
2222HH
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84
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H.F.
640
Section
1.
Section
423.3,
Code
2011,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
96.
The
sales
price
of
a
biomass
3
fuel-burning
stove.
For
purposes
of
this
subsection,
“biomass
4
fuel-burning
stove”
means
a
stove
qualifying
as
energy-efficient
5
building
property
under
section
25C(d)(3)(E)
of
the
federal
6
Internal
Revenue
Code.
7
EXPLANATION
8
This
bill
provides
a
sales
tax
exemption
for
certain
biomass
9
fuel-burning
stoves
that
qualify
as
energy-efficient
building
10
property
under
section
25C(d)(3)(E)
of
the
federal
Internal
11
Revenue
Code.
12
By
operation
of
Code
section
423.6,
an
item
exempt
from
the
13
imposition
of
the
sales
tax
is
also
exempt
from
the
use
tax
14
imposed
in
Code
section
423.5.
15
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