IA
Iowa House Bill HF2628

Iowa 2023-2024 Regular Session

Iowa House Bill HF2628

Introduced
2/22/24  
Engrossed
3/4/24  
Introduced
2/22/24  
Refer
3/5/24  
Engrossed
3/4/24  

Caption

A bill for an act expanding the sales and use tax exemption allowed for nonprofit blood centers.(Formerly HF 722, HSB 247.)

Impact

This proposal has several implications for state law, particularly in the realm of tax legislation. Under HF2628, nonprofit blood centers that were previously restricted to certain exemptions for tangible goods and specific laboratory services will now benefit from a broader set of exemptions. This change is anticipated to alleviate some of the financial burdens these centers face, allowing them to reinvest savings into critical operations such as recruitment for blood donations and improving processing capabilities.

Summary

House File 2628 seeks to expand the sales and use tax exemption for nonprofit blood centers in Iowa. The bill modifies existing taxation norms to permit a wider range of tax exemptions for tangible personal property and services used by blood collection and processing establishments. This includes donor centers, blood banks, and entities engaged in quality control for blood products, thus aiming to support the operations of these organizations more effectively. By stressing the importance of blood collection and processing in healthcare, the bill positions blood centers as essential services that contribute to public health.

Contention

While the bill garnered unanimous support, with a voting history showing only 'yeas' during discussions, it does raise important questions regarding tax policy and the allocation of tax exemptions. Critics might argue that expanding exemptions for a specific sector could set a precedent for similar demands from other industries, potentially leading to future challenges in tax equality. However, supporters maintain that the benefits to public health and the essential nature of blood donation justify this specific legislative focus.

Companion Bills

IA HSB247

Related A bill for an act expanding the sales and use tax exemption allowed for nonprofit blood centers.(See HF 722, HF 2628.)

IA HF722

Similar To A bill for an act expanding the sales and use tax exemption allowed for nonprofit blood centers.(Formerly HSB 247; See HF 2628.)

Previously Filed As

IA HF722

A bill for an act expanding the sales and use tax exemption allowed for nonprofit blood centers.(Formerly HSB 247; See HF 2628.)

IA HSB247

A bill for an act expanding the sales and use tax exemption allowed for nonprofit blood centers.(See HF 722, HF 2628.)

IA HF91

A bill for an act relating to the state sales and use tax by expanding nonprofit exemptions on the state sales and use tax to include all nonprofit entities exempt from federal taxation.

IA AB2835

Sales and use taxes: exemptions: nonprofit blood centers.

IA HF1004

A bill for an act exempting the sales price of honeybees from the state sales and use tax.(Formerly HF 247.)

IA HF678

A bill for an act providing a sales and use tax exemption for the furnishing of certain parking facilities services.(Formerly HSB 231.)

IA HF1033

A bill for an act making a rural water district a designated exempt entity for purposes of the sales and use tax.(Formerly HSB 226.)

IA HF1021

A bill for an act exempting the sale of dietary supplements from the sales tax.(Formerly HF 966.)

IA HF676

A bill for an act exempting the sales price of honey bees from the state sales and use tax.(Formerly HF 457; See HF 2627.)

IA HF2627

A bill for an act exempting the sales price of honey bees from the state sales and use tax.(Formerly HF 676, HF 457.)

Similar Bills

No similar bills found.