Senate Study Bill 3110


                                          SENATE FILE       
                                          BY  (PROPOSED COMMITTEE ON
                                               WAYS AND MEANS BILL BY
                                               CHAIRPERSON BOLKCOM)


       Passed Senate, Date               Passed House,  Date             
       Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                    Approved                            

                                         A BILL FOR

     1 An Act providing a sales tax exemption for purchases made by a
     2    nonprofit blood bank licensed by the federal food and drug
     3    administration.
     4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
     5 TLSB 5749SC 82
     6 ak/sc/8

PAG LIN



  1  1    Section 1.  Section 423.3, subsection 26, Code Supplement
  1  2 2007, is amended to read as follows:
  1  3    26.  The sales price of tangible personal property sold, or
  1  4 of services furnished, to a statewide nonprofit organ
  1  5 procurement organization, as defined in section 142C.2, or a
  1  6 nonprofit blood bank, as defined in section 141A.1, that is
  1  7 licensed by the federal food and drug administration.
  1  8                           EXPLANATION
  1  9    This bill creates a sales tax exemption on the sales price
  1 10 of goods sold to or services provided to a nonprofit blood
  1 11 bank that is licensed by the federal food and drug
  1 12 administration.
  1 13 LSB 5749SC 82
  1 14 ak/sc/8