Proyectos de ley › 90.ª Asamblea General
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
Temas:Taxes
Dónde está ahora
- Hecho: Presentado23 de enero de 2023
- Se detuvo: SubcomitéMurió al terminar la Asamblea General
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- Sigue: Comité del Senado
- Sigue: Lo aprueba el Senado
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2024 terminó el 19 de abril de 2024, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Iowa would stop charging sales and use tax on items or services bought by any nonprofit organization that is exempt from federal taxes. This change expands the current rules to include more types of nonprofit groups. It also makes sales made by these nonprofits tax-free if all the money earned goes toward religious, educational, or charitable goals. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
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. 105A.5.
Lo que cambia del Código de Iowa (Iowa Code)
Cabildeo
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