Text: HSB769            Text: HSB771


House Study Bill 770

HOUSE FILE BY (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON VAN FOSSEN) Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to prohibiting monitor vending machines and 2 providing an effective date. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 6614YC 81 5 ec/gg/14 PAG LIN 1 1 Section 1. 2006 Iowa Acts, Senate File 2330, section 3, 1 2 subsection 1, if enacted, is amended to read as follows: 1 3 1. If revenues are generated from monitor vending machines 1 4 on or after forty=five days following the effective date of 1 5 this Act September 1, 2006, then there shall be a monitor 1 6 vending machine excise tax imposed on net monitor vending 1 7 machine revenue receipts at the rate of sixty=five percent. 1 8 Sec. 2. 2006 Iowa Acts, Senate File 2330, section 4, if 1 9 enacted, is amended to read as follows: 1 10 SEC. 4. TRANSITION PROVISIONS == MONITOR VENDING MACHINES. 1 11 Notwithstanding any provision of section 99G.3, as amended by 1 12 this Act, to the contrary, a retailer that has acquired a 1 13 monitor vending machine prior to the effective date of this 1 14 Act shall be allowed to offer the machine to the public for 1 15 only forty=five days following the effective date of this Act 1 16 until September 1, 2006. On or after forty=five days 1 17 following the effective date of this Act September 1, 2006, a 1 18 retailer shall not make a monitor vending machine available to 1 19 the public. 1 20 Sec. 3. EFFECTIVE DATE. This Act, being deemed of 1 21 immediate importance, takes effect upon enactment. 1 22 EXPLANATION 1 23 This bill concerns the ending date on which monitor vending 1 24 machines may be offered to the public. If 2006 Iowa Acts, 1 25 Senate File 2330 is enacted, monitor vending machines shall 1 26 not be allowed to be offered to the public on or after 45 days 1 27 following the effective date of that Act. This bill provides 1 28 that monitor vending machines may be offered until September 1 29 1, 2006. 1 30 The bill takes effect upon enactment. 1 31 LSB 6614YC 81 1 32 ec:rj/gg/14
Text: HSB769            Text: HSB771