SF 2367: Relating to state taxation by specifying when returns are due, striking sales tax exemptions and exempting other products, and modifying distributions of revenue to local governments and school districts, the liability of sellers, the franchise tax, motor fuel tax reporting, tax refunds and credits, and the individual state income tax, and providing penalties, and including effective date, applicability, and retroactive applicability provisions

What it does

This bill relates to sales, use, and motor vehicle fuel taxes administered by the department of revenue including distributions to local governments and school districts, the liability of sellers, tax refund and tax credit incentives, and motor fuel tax reporting modifications. DIVISION I —— SALES, USE, AND EXCISE TAX —— RETURNS DUE. The bill allows a taxpayer to have a combined sales and use tax permit and to file a combined return for sales and use taxes. Currently, a taxpayer must possess a separate sales and use tax permit and file separate sales and use tax returns.

Lobbying · 7 for, 0 against

For: Community Bankers of Iowa; Department of Revenue; Iowa Association of Electric Cooperatives; Iowa Bankers Association; Iowa Veterinary Medical Association; Kent Corporation; Urbandale Water Utility

In plain words

1. February 24, 2022Filed in the Senate
2. February 24, 2022Approved by the Senate committee
3. March 30, 2022Passed the Senate, 47–0
4. May 23, 2022Took the place of HF 2583 on the House floor (the same legislation)
5. May 23, 2022Passed the House, 83–0
6. May 23, 2022Passed the Senate, 44–0
7. May 25, 2022Cost estimate (fiscal note) posted
8. June 2, 2022Sent to the Governor
9. June 17, 2022Signed into law