Bill Text: IA HSB683 | 2017-2018 | 87th General Assembly | Introduced
Bill Title: A bill for an act 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.
Spectrum: Committee Bill
Status: (N/A - Dead) 2018-04-10 - Committee report, recommending amendment and passage. H.J. 770. [HSB683 Detail]
Download: Iowa-2017-HSB683-Introduced.html
House
Study
Bill
683
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
BILL
BY
CHAIRPERSON
VANDER
LINDEN)
A
BILL
FOR
An
Act
excluding
entities
under
the
control
of
an
institution
1
of
higher
learning
governed
by
the
state
board
of
regents
2
from
the
sales
tax
exemption
for
sales
where
the
profits
3
are
used
by
or
donated
to
certain
nonprofit
entities
for
4
educational,
religious,
or
charitable
purposes.
5
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
6
TLSB
6232YC
(3)
87
mm/jh
H.F.
_____
Section
1.
Section
423.3,
subsection
78,
Code
2018,
is
1
amended
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
d.
This
exemption
does
not
apply
to
the
3
sales
price
from
the
sale
of
tangible
personal
property
or
4
services
the
profits
from
which
are
used
by
or
donated
to
an
5
entity
under
the
control
of
an
institution
of
higher
learning
6
governed
by
the
state
board
of
regents.
7
EXPLANATION
8
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
9
the
explanation’s
substance
by
the
members
of
the
general
assembly.
10
Under
current
law,
Code
section
423.3(78)
provides
a
11
sales
tax
exemption
for
sales
of
tangible
personal
property
12
or
services
by
any
entity
where
the
profits
from
the
sale
13
are
used
by
or
donated
to
a
tax-exempt
Internal
Revenue
Code
14
§501(c)(3)
nonprofit
organization,
to
a
government
entity,
or
15
to
a
nonprofit
private
educational
institution,
and
expended
16
for
educational,
religious,
or
charitable
purposes.
17
This
bill
provides
that
the
exemption
in
Code
section
18
423.3(78)
does
not
apply
to
sales
for
which
the
profits
19
are
used
by
or
donated
to
an
entity
under
the
control
of
an
20
institution
of
higher
learning
governed
by
the
state
board
of
21
regents.
22
-1-
LSB
6232YC
(3)
87
mm/jh
1/
1
