Bills › 90th General Assembly
Authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions
Sponsored by the House Agriculture Committee
Topics:Agriculture
Same legislation: HSB 687
Where it is now
- Done: IntroducedFebruary 8, 2024
- Done: SubcommitteeFebruary 8, 2024
- Done: House committeeFebruary 12, 2024
- Done: Passes the HouseFebruary 26, 202495–0
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The Iowa sheep and wool promotion board could temporarily stop collecting the small tax on wool sales if the market price of wool drops too low. This rule would protect producers by ensuring the tax amount isn't higher than the actual value of the wool being sold. The board can start collecting the tax again once wool prices go back up.1
Read the official explanation
BACKGROUND. This bill amends Code chapter 182 which provides for an assessment (a so-called checkoff) on the sale of sheep and wool, which is a self-imposed tax on producers collected by first purchasers for remission to the Iowa sheep and wool promotion board (board) under a promotional order for purposes of promoting the marketing of sheep and wool and to provide for related education and research programs.12).13B). BILL’S PROVISIONS. The bill authorizes the board to issue an order suspending the imposition of the assessment on wool if the board determines that the average per pound market value of the wool sold to first purchasers is equal to or less than the assessment rate. The board may later order the termination of the suspension order; but must order its termination, and recommence the imposition of the assessment, if it determines that the market value will remain more than the assessment rate for the foreseeable future. EFFECTIVE DATE. The bill takes effect upon enactment.
Senate subcommittee
Named February 28, 2024. On March 6, 2024 it recommended passage. [].
- Sen. Charlie McClintock REmail
- Sen. Jesse Green REmail
- Sen. T. Taylor
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
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90th General Assembly