What changed in HF 664
The bill as introduced, compared with the version both chambers passed (90th General Assembly).
5 passages reworded, 0 added and 0 removed; 17 of 22 unchanged.
Removed AddedIntroduced textText as passedAmendments
Compares wording only. The printed bills also mark changes to existing law with strikes and underlines, which aren’t shown here.
Section 1. Section 321.105A, subsection 3, paragraph f, Code 2023, 2024, is amended by adding the following new subparagraph:
NEW SUBPARAGRAPH.
(3) (a) A vehicle leased between affiliates, when the lessor has paid the fee imposed in subsection 2 on the leased vehicle prior to the lease.
(b) For purposes of this subparagraph:
(i) “Affiliate” means an entity a lessor that directly or indirectly controls, is controlled with or by, or is under common control with another entity. the lessee.
(ii) “Control” or “controlled” means any of the following: (A) In the case of a United States corporation, the ownership, directly or indirectly, of fifty percent or more of the voting power to elect directors. (B) In the case of a foreign corporation, if the voting power to elect the directors is less than fifty percent, the maximum amount allowed by applicable law. (C) In the case of an entity other than a corporation, fifty percent or more ownership interest in the entity, or the power to direct the management of the entity.
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2. Section 423.3, Code 2023, 2024, is amended by adding the following new subsection:
NEW SUBSECTION. 110.
a. The sales price on the lease or rental of personal property a motor vehicle between affiliates when the affiliate has paid a tax on lessor or entity providing the sales price imposed under this subchapter, a use tax imposed under subchapter III, motor vehicle for lease or rental has paid a fee imposed under section 321.105A on the personal property motor vehicle leased or rented prior to such lease or rental. rental to the affiliate.
b. For purposes of this subsection:
(1) “Affiliate” means an a lessor or entity providing the motor vehicle for rental that directly or indirectly controls, is controlled with or by, or is under common control with another entity. the lessee or renter.
(2) “Control” or “controlled” means any of the following:
8 unchanged passages
(a) In the case of a United States corporation, the ownership, directly or indirectly, of fifty percent or more of the voting power to elect directors.
(b) In the case of a foreign corporation, if the voting power to elect the directors is less than fifty percent, the maximum amount allowed by applicable law.
(c) In the case of an entity other than a corporation, fifty percent or more ownership interest in the entity, or the power to direct the management of the entity.
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3. REFUNDS. Refunds of taxes, interest, or penalties which arise from the enactment of this Act, for leases or rentals occurring between January 1, 2015, and the effective date of this Act, shall not be allowed, notwithstanding any other provision of the law to the contrary.
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4. EFFECTIVE DATE. This Act, being deemed of immediate importance, takes effect upon enactment.
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5. RETROACTIVE APPLICABILITY. This Act applies retroactively to January 1, 2015, for leases or rentals occurring on or after that date.