Bills › 88th General Assembly
Striking certain statutory repeal provisions relating to the state sales and use tax and the secure an advanced vision for education fund
Topics:K–12 educationTaxes
Where it is now
- Done: IntroducedFebruary 4, 2019
- Done: SubcommitteeFebruary 7, 2019
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
2 imposes a state tax of 6 percent upon the sales price of all sales of tangible personal property, consisting of goods, wares, merchandise, and other items designated by statute, sold at retail in the state to consumers or users, except as otherwise provided by Code chapter 423. Generally, by operation of law, a sale subject to the sales tax is also subject to the use tax.2. Moneys in the SAVE fund are allocated to school districts on a per pupil basis to be used for infrastructure and property tax reduction purposes specified in Code chapter 423F.
Read the full explanation
Under current law, the sales tax rate of 6 percent is reduced to 5 percent on January 1, 2030, and Code chapter 423F, along with other corresponding provisions, is repealed December 31, 2029.6, which currently provides for the repeal of Code chapter 423F on December 31, 2029. The bill also strikes corresponding repeal provisions relating to the allocation of sales tax revenue and provisions that reduce the state sales and use tax rate from 6 percent to 5 percent beginning January 1, 2030.
House subcommittee
Named February 7, 2019. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Amends§423.2§423.2A§423.43§423.5
Repeals§423F.6
Lobbying
7 for · 0 against · 11 undecided · Who →
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