Text: HF55            Text: HF57
Complete Bill History


House File 56

HOUSE FILE BY BOAL Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the exemption of sales and use taxes on the 2 purchase of precious metals and rare coins by dealers. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1511YH 81 5 mg/pj/5 PAG LIN 1 1 Section 1. Section 423.3, Code 2005, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 85. The sales price from the sale of 1 4 precious metals and rare coins of investment quality to 1 5 dealers in precious metals and rare coins. 1 6 EXPLANATION 1 7 This bill exempts the sales price from the purchase by 1 8 dealers of precious metals and rare coins of investment 1 9 quality from the sales and use taxes. 1 10 LSB 1511YH 81 1 11 mg/pj/5
Text: HF55            Text: HF57 Complete Bill History