Bills › 90th General Assembly
Where it is now
- Done: IntroducedFebruary 8, 2024
- Done: SubcommitteeFebruary 8, 2024
- Done: House committeeFebruary 12, 2024
- Skipped: Passes the HouseContinued as HF 2513
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2513 → Its progress continues under the new number. Go to HF 2513 What’s a funnel?
What’s in it
AI summary The Iowa sheep and wool promotion board could temporarily stop collecting the small tax on wool sales if the market price of wool drops too low. Once wool prices go back up and stay up for a while, the board must start collecting the tax again. This change affects people who sell wool and the board that uses the money for research and promotion.1
Read the official explanation
BACKGROUND. This bill amends Code chapter 182 which provides for an assessment (a so-called checkoff) on the sale of sheep and wool, which is a self-imposed tax on producers collected by first purchasers for remission to the Iowa sheep and wool promotion board (board) under a promotional order for purposes of promoting the marketing of sheep and wool and to provide for related education and research programs.12).13B). BILL’S PROVISIONS. _____ assessment rate. The board may later order the termination of the suspension order; but must order its termination, and recommence the imposition of the assessment, if it determines that the market value will remain more than the assessment rate for the foreseeable future. EFFECTIVE DATE. The bill takes effect upon enactment.
House subcommittee
Named February 8, 2024. On February 12, 2024 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly