Proyectos de ley › 88.ª Asamblea General
Relating to the sales and use tax by modifying the sales and use tax exemption for materials and certain machinery and equipment used in agricultural production
Temas:AgricultureTaxesLivestock & confinements
La misma legislación: HSB 629
Dónde está ahora
- Hecho: Presentado5 de febrero de 2020
- Hecho: Subcomité6 de febrero de 2020
- Se detuvo: Comité del SenadoMurió al terminar la Asamblea General
- Sigue: Lo aprueba el Senado
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- 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
Resumen con IA Iowa would expand tax breaks for farmers by changing how "agricultural production" is defined to include more types of products and land management. These changes allow certain items, like fuel for heating livestock or equipment used for growing plants and raising animals, to be sold without sales tax. The new rules also include tax exemptions for propane tanks and the parts needed to use them for drying grain or heating buildings. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
This bill relates to the sales and use tax by modifying the sales and use tax exemption for materials used in agricultural production, and for certain machinery and equipment used in such production.3(5) to include the production of agricultural products for intended sale or livestock consumption and related land management practices. “Agricultural products” is modified to include corn, eggs, fruit, hay, honey, livestock, milk, oats, soybeans, vegetables, and wheat.45(5) (refunds of taxed fuel used in agricultural production). 3(6) exempts from the sales and use tax the sales price of fuel for providing heat or cooling for livestock. Currently, the sales price of such fuel is exempt from the sales and use tax if the fuel heats or cools a livestock building.3(6) exempts from the sales and use tax the sales price of tangible personal property that is designed to hold propane which will be consumed as fuel in creating heat, power, or steam for grain drying, livestock, or livestock buildings. The exemption also includes valves, regulators, and piping attached to the property designed to hold propane.3(8)(a)(1) exempts from the sales and use tax the sales price of farm machinery and equipment used primarily in the production of agricultural products. Currently, the sales price of farm machinery and equipment must be used directly and primarily in production of agricultural products in order to be exempt from the sales and use tax.3(11) requires that the sales price of an implement, machinery, or equipment be primarily used in livestock or dairy production, aquaculture production, or the production of flowering, ornamental, or vegetable plants in order for the sales of such items to be exempt from the sales and use tax. Current law requires such items to be directly and primarily used for such purposes.
Senate subcommittee
Named February 6, 2020. 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
Lo que cambia del Código de Iowa (Iowa Code)
Cabildeo
10 a favor · 0 en contra · 14 indecisos · Quiénes →
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88th General Assembly