90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HSB 68: HSB 68

Became HF 664 · Its progress continues under the new number.

What it does

This bill exempts certain leases or rentals between affiliates from the sales and use tax and from the fee for new vehicle registration.105A(2) has been paid by the lessor prior to the lease. _____ rental of personal property between affiliates when a sales tax, use tax, or fee for new registration for a vehicle has been paid by an affiliate on the personal property leased or rented prior to such lease or rental. The bill requires refunds of taxes, interest, or penalties arising from claims resulting from the enactment of the bill for leases or rentals occurring between January 1, 2015, and the effective date of the bill to be filed prior to October 1, 2023.

Cost

See the fiscal note

House File 664 is estimated to reduce revenues to the General Fund, SAVE Fund, LOST, and the RUTF by the amounts in Figure 2.

House subcommittee · named January 20, 2023

Rep. Phil Thompson (R)
Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov
Rep. Michael V. Sexton (R)

Lobbying · 3 for, 0 against

For: Iowa Association of Business and Industry (ABI); Iowa Taxpayers Association; Master Builders of Iowa

In plain words

January 20, 2023Filed in the House and sent to the Ways and Means committee
January 20, 2023House subcommittee named: Thompson, P., Jacoby and Sexton
March 8, 2023Subcommittee recommended passing it with changes
March 9, 2023Approved by the House committee
March 13, 2023Approved by the House committee, and given a new number: HF 664