House File 702 - Introduced HOUSE FILE 702 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO HF 46) A BILL FOR An Act modifying the sales tax holiday by extending the holiday 1 and including disaster preparedness supplies. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1450HV (2) 90 jm/jh
H.F. 702 Section 1. Section 423.3, subsection 68, paragraph a, Code 1 2023, is amended to read as follows: 2 a. (1) The sales price from the sale of an article of 3 clothing all of the following: 4 (a) Clothing designed to be worn on or about the human body 5 if all of the following apply: . 6 (b) Disaster preparedness supplies. 7 (2) This subsection applies if all of the following apply: 8 (1) (a) The sales price of the article item is less than 9 one hundred dollars, except for items categorized as general 10 supplies or fastening supplies, which may equal or exceed one 11 hundred dollars up to a maximum of five thousand dollars . 12 (2) (b) The sale takes place during a period beginning at 13 12:01 a.m. on the first Friday in August and ending at midnight 14 on the following Saturday Sunday . 15 Sec. 2. Section 423.3, subsection 68, paragraph c, 16 subparagraph (1), unnumbered paragraph 1, Code 2023, is amended 17 to read as follows: 18 Clothing means all an article of human wearing apparel 19 suitable for general use. 20 Sec. 3. Section 423.3, subsection 68, paragraph c, Code 21 2023, is amended by adding the following new subparagraphs: 22 NEW SUBPARAGRAPH . (03) Disaster preparedness supplies 23 means items that may be used in preparation or response to 24 a disaster and means general supplies, fastening supplies, 25 food-related supplies, and safety supplies. 26 NEW SUBPARAGRAPH . (003) Fastening supplies means bungee 27 cords; ropes; duct tape; boat anchors; fenders, anchor chains, 28 dock lines, or similar devices; tarpaulins and other flexible 29 waterproof sheeting; and ground anchor or tie-down kits. 30 NEW SUBPARAGRAPH . (0003) Food-related supplies means 31 artificial ice, water storage containers, manual can openers, 32 and bottled water. 33 NEW SUBPARAGRAPH . (00003) General supplies means 34 batteries commonly used by a household, except automobile and 35 -1- LSB 1450HV (2) 90 jm/jh 1/ 2
H.F. 702 marine batteries; cellular telephone batteries and chargers; 1 satellite telephones; self-powered light sources; portable 2 self-powered radios; two-way radios; weather-band radios 3 including national oceanic and atmospheric administration 4 radios; gas or diesel fuel containers; nonelectric food storage 5 coolers; portable generators; and storm shutter devices. 6 NEW SUBPARAGRAPH . (04) Safety supplies means carbon 7 monoxide detectors, smoke detectors, fire extinguishers, and 8 first aid kits. 9 EXPLANATION 10 The inclusion of this explanation does not constitute agreement with 11 the explanations substance by the members of the general assembly. 12 This bill modifies the sales tax holiday. 13 The bill adds the purchase of disaster preparedness supplies 14 to the existing sales tax holiday for clothing. The bill 15 defines disaster preparedness supplies to mean items that 16 may be used in preparation or response to a disaster and means 17 general supplies, fastening supplies, food-related supplies, 18 and safety supplies. The bill further defines general 19 supplies, fastening supplies, food-related supplies, and 20 safety supplies. 21 As with an article of clothing, a disaster preparedness 22 supply item must be under $100 to qualify for the sales tax 23 holiday, except general supplies and fastening supplies which 24 qualify if the sales price does not exceed $5,000. 25 The bill lengthens the sales tax holiday from the period 26 beginning on the first Friday of August and ending at midnight 27 the following Saturday to the period beginning on the first 28 Friday of August and ending at midnight on the following 29 Sunday. 30 -2- LSB 1450HV (2) 90 jm/jh 2/ 2