Relating to the state sales and use tax by expanding nonprofit exemptions on the state sales and use tax to include all nonprofit entities exempt from federal taxation

Where it is now

1. ✓
   Done: IntroducedJanuary 23, 2023
2. ✕
   Stopped: SubcommitteeDied when the General Assembly ended
3. Next: House committee
4. Next: Passes the House
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. 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

This bill relates to the state sales and use tax by expanding nonprofit exemptions on the state sales and use tax to include all nonprofit entities exempt from federal taxation under section 501 of the Internal Revenue Code (IRC).3(29). The bill exempts from the sales and use tax the sale of tangible personal property or specified digital products sold, or services furnished, to a nonprofit entity whose income is exempt from federal taxation under section 501 of the IRC. The bill expands current law and makes a sale by any such nonprofit exempt from the sales and use tax if the entire profits from the sale are used for an educational, religious, or charitable purpose.

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

Iowa Code it changes

Amends§321.105A§423.3

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