Bill Text: IA SF86 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A bill for an act relating to registration fees for motor vehicles transferred to nonprofit entities for donation to individuals.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-01-28 - Subcommittee, Bowman, Breitbach, and Quirmbach. S.J. 175. [SF86 Detail]
Download: Iowa-2015-SF86-Introduced.html
Senate File 86 - Introduced SENATE FILE BY FEENSTRA (COMPANION TO hf 2 BY HEARTSILL) A BILL FOR 1 An Act relating to registration fees for motor vehicles 2 transferred to nonprofit entities for donation to 3 individuals. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1363XS (1) 86 ns/nh PAG LIN 1 1 Section 1. Section 321.105A, subsection 2, paragraph c, 1 2 Code 2015, is amended by adding the following new subparagraph: 1 3 NEW SUBPARAGRAPH. (022) A motor vehicle transferred to a 1 4 nonprofit entity which is exempt from federal income taxation 1 5 pursuant to section 501(c)(3) of the Internal Revenue Code, in 1 6 a transaction in which no consideration is given, and for the 1 7 purpose of donation to an individual served by the nonprofit 1 8 entity. 1 9 Sec. 2. NEW SECTION. 321.118 Donated vehicles. 1 10 The annual registration fee for a motor vehicle transferred 1 11 to a nonprofit entity pursuant to section 321.105A, subsection 1 12 2, paragraph c, subparagraph (022) is ten dollars. Once the 1 13 nonprofit entity donates the motor vehicle to an individual 1 14 served by the nonprofit entity, the registration fee for the 1 15 motor vehicle shall be calculated pursuant to section 321.109. 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 relates to registration fees for motor vehicles 1 20 transferred to nonprofit entities for donation to individuals. 1 21 The bill provides an exemption from the fee for new 1 22 registration for vehicles transferred to a nonprofit entity in 1 23 a transaction involving no consideration, and for the purpose 1 24 of donation to an individual served by the nonprofit entity. 1 25 The bill also establishes a registration fee of $10 for such 1 26 vehicles and provides that, when the vehicle is donated from 1 27 the nonprofit entity to the individual, the annual registration 1 28 fee becomes the regular registration fee for the vehicle. LSB 1363XS (1) 86 ns/nh