Bill Text: IA SF248 | 2015-2016 | 86th General Assembly | Introduced

Iowa Senate Bill 248 (Prior Session Legislation)

Introduced

Bill Title: A bill for an act excluding from the utility replacement tax the consumption of natural gas by certain persons and including effective date and retroactive applicability provisions.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-02-18 - Subcommittee, Bolkcom, Feenstra, and Quirmbach. S.J. 325. [SF248 Detail]

Download: Iowa-2015-SF248-Introduced.html

Senate File 248 - Introduced




                                 SENATE FILE       
                                 BY  FEENSTRA

                                      A BILL FOR

  1 An Act excluding from the utility replacement tax the
  2    consumption of natural gas by certain persons and including
  3    effective date and retroactive applicability provisions.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    TLSB 1914XS (2) 86
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PAG LIN



  1  1    Section 1.  Section 437A.5, subsection 7, Code 2015, is
  1  2 amended by adding the following new paragraph:
  1  3    NEW PARAGRAPH.  0c.  For tax years beginning on or after
  1  4 January 1, 2015, subsection 2 does not apply to natural gas
  1  5 consumed by a person, other than an electric company, natural
  1  6 gas company, electric cooperative, or municipal utility, if
  1  7 the natural gas is acquired by means of facilities owned by or
  1  8 leased to such person and placed into service after January 1,
  1  9 1999, but before January 1, 2015, that were physically attached
  1 10 to pipelines that are not permitted pursuant to chapter 479
  1 11 and used by such person for the purpose of bypassing the local
  1 12 natural gas company or municipal utility.
  1 13    Sec. 2.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
  1 14 immediate importance, takes effect upon enactment.
  1 15    Sec. 3.  RETROACTIVE APPLICABILITY.  This Act applies
  1 16 retroactively to January 1, 2015, for tax years beginning on
  1 17 or after that date.
  1 18                           EXPLANATION
  1 19 The inclusion of this explanation does not constitute agreement with
  1 20 the explanation's substance by the members of the general assembly.
  1 21    This bill excludes from the natural gas consumer replacement
  1 22 tax under Code section 437A.5(2), natural gas consumed by a
  1 23 person, other than an electric company, natural gas company,
  1 24 electric cooperative, or municipal utility, if the natural
  1 25 gas is acquired by means of facilities owned by or leased to
  1 26 such person and placed into service after January 1, 1999,
  1 27 but before January 1, 2015, that were physically attached to
  1 28 pipelines that are not permitted pursuant to Code chapter
  1 29 479 and used by such person for the purpose of bypassing the
  1 30 local natural gas company or municipal utility.  The exclusion
  1 31 provided in the bill is for tax years beginning on or after
  1 32 January 1, 2015.
  1 33    The bill takes effect upon enactment and applies
  1 34 retroactively to January 1, 2015, for tax years beginning on
  1 35 or after that date.
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