Proyectos de ley › 88.ª Asamblea General
Relating to the exemption from the hotel and motel taxes for the renting of lodging under certain circumstances
Presentado por el comité Ways and Means de la Cámara
Temas:Taxes
Dónde está ahora
- Hecho: Presentado22 de enero de 2020
- Hecho: Subcomité23 de enero de 2020
- Hecho: Comité de la Cámara6 de febrero de 2020
- Se detuvo: Lo aprueba la CámaraMurió al terminar la Asamblea General
- Sigue: Comité del Senado
- Sigue: Lo aprueba el Senado
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2020 terminó el 14 de junio de 2020, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.
This bill modifies the exemptions from the state and local hotel and motel tax. Under current law, the sales price from the renting of lodging which is rented by the same person for a period of more than consecutive days is entirely exempt from state and local hotel and motel taxes. The bill changes the exemption and makes the renting of lodging at the following facilities subject to state and local hotel and motel tax if the person rents lodging for consecutive days or less: a room, apartment, or sleeping quarter in a hotel, motel, inn, public lodging house, or rooming house, or in any place where sleeping accommodations are furnished to a transient guest.
Nota fiscal
Resumen con IA This bill changes the law so that the first 90 days of a lodging stay are subject to state and local hotel and motel taxes instead of being exempt after 31 days. This change is estimated to increase state and local tax revenues. The provided text does not include the specific dollar amounts for the estimated revenue increase. (en inglés)2
Lea la nota fiscal (en inglés)
Description
House File 2281 modifies the number of consecutive days a person must rent lodging for the sales price to be exempt from State and local hotel and motel taxes by making the first 90 days of a stay subject to taxation.
Background
Under current law (Iowa Code chapter 423A), the renting of lodging by the same person for a period of more than 31 consecutive days is exempt from State and local hotel and motel taxes. Iowa Code section 423A.7(4) requires that 50.0% of the revenue generated by local hotel and motel taxes be used for purposes related to recreation, convention, cultural, or entertainment facilities, or for the promotion and encouragement of tourist and convention business in the city or county and surrounding areas. The remaining revenues may be spent by the city or county for any operations authorized by law as a proper purpose for the expenditure within statutory limitations.
Assumptions
- In FY 2019, hotels and motels reported exempt sales of $50.6 million. These sales are assumed to be for long-term rentals, and other potential sales to exempt entities are assumed to be minimal.
- The State tax rate is 5.0%, and the effective local tax rate is 6.76%.
- Of the exempt hotel and motel sales, 10.0% are assumed to be for periods of 90 days or longer. Of that amount, it is assumed there is a decreasing number of stays beyond 90 days, and a stay of 120 days is used as the maximum. Therefore, 97.5% of currently exempt sales would become taxable.
Fiscal Impact
Changing the tax exemption is estimated to increase revenues as presented in the following table.
Source
- Department of Revenue
- Hotel and Motel Tax · 10 de febrero de 2020
- Hotel and Motel Tax · 5 de febrero de 2020
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§423A.5
Cabildeo
12 a favor · 1 en contra · 15 indecisos · Quiénes →