Bills › 90th General Assembly

HF 2707Signed by Governor · May 17, 2024

Relating to transactions involving used catalytic converters

Sponsored by the House Ways and Means Committee

Topics:Taxes

Same legislation: SF 2441

Where it is now

  1. Done: IntroducedApril 18, 2024
  2. Skipped: SubcommitteeSkipped
  3. Done: House committeeApril 19, 2024
  4. Done: Passes the HouseApril 19, 202490–0
  5. Skipped: Senate committeeSkipped
  6. Done: Passes the SenateApril 19, 202444–1
  7. Done: To the GovernorApril 29, 2024
  8. Done: Signed into lawMay 17, 2024

Signed into law What’s a funnel?

What’s in it

27A, in which the seller of a used catalytic converter operates a business at a fixed location in this state, the seller must provide to the purchaser a copy of the seller’s valid sales tax permit issued pursuant to Code chapter 423. This bill authorizes such a seller to alternatively provide a copy of the seller’s valid business license or permit. The seller of a catalytic converter operating a business at a fixed location in another state is authorized to provide a copy of the person’s valid business license or permit from the other state under current law.

Read the full explanation

For transactions other than business transactions under current law, the person selling the used catalytic converter is required to provide to the purchaser an original receipt or invoice for a replacement catalytic converter purchased fewer than days before the person sells the replaced catalytic converter, or a junking certificate for a vehicle that was issued fewer than days before the person sells the catalytic converter. The bill authorizes a seller to provide a signed affidavit attesting to the seller’s valid ownership of the catalytic converter instead of the original receipt, invoice, or junking certificate.27A.27A is subject to a civil penalty ranging from $1,000 to $10,000 based on the number of violations that occur within a two-year period.27A(3) is evidence from which the court or jury may infer culpability relating to the theft of a catalytic converter.27A to be subject to the corresponding civil or criminal penalty, as applicable.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

Iowa Code it changes

Amends§714.27A

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Lobbying

3 for · 1 against · 3 undecided · Who →

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.

Similar bills

  • HF 713 Relating to transactions involving used catalytic converters, and providing fees
    90th General Assembly · Passed House
    Similar

Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.