IA
Iowa House Bill HSB230

Iowa 2023-2024 Regular Session

Iowa House Bill HSB230

Introduced
3/14/23  
Introduced
3/14/23  

Caption

A bill for an act repealing the excise tax on the handling of grain.(See HF 683.)

Impact

The repeal of the grain handling excise tax is expected to foster a more competitive environment for grain handling and processing businesses in Iowa. By removing this tax, proponents argue that it would incentivize increased grain production and sales, which could lead to a bolstered agricultural economy. However, as the revenue from this tax has historically contributed to local taxing authorities, the repeal could result in budgetary challenges for these entities, calling into question how they will adapt to the loss of this funding.

Summary

House Study Bill 230 proposes to repeal the excise tax on the handling of grain, which is currently levied at one-fourth mill per bushel. The bill seeks to eliminate this tax to potentially lessen the financial burden on grain handlers, including local farmers and agricultural businesses. With this repeal, the bill aims to encourage more favorable conditions in the grain industry, which is a significant sector of Iowa's economy.

Contention

Opponents of HSB230 may express concerns regarding the financial implications for local governments that rely on revenue from this tax for funding essential services. They might argue that the repeal could lead to reduced funding for community projects and agricultural support programs that are vital to local economies. The debate surrounding HSB230 may highlight a broader discussion about balancing tax relief for the agricultural sector with maintaining necessary revenue streams for government services.

Latest IA HSB230 Activity

View All Events: IA 2023-2024 Regular Session HSB230

Companion Bills

IA HF683

Replaced by A bill for an act relating to the excise tax imposed on the handling of grain, including by providing for transfer of collected revenue to the grain depositors and sellers indemnity fund, providing for the future elimination of the excise tax, and including effective date and retroactive applicability provisions.(Formerly HSB 230.)

Previously Filed As

IA HSB734

A bill for an act repealing the excise tax on the handling of grain.(See HF 2657.)

IA HF2657

A bill for an act repealing the excise tax on the handling of grain.(Formerly HSB 734.)

IA HF683

A bill for an act relating to the excise tax imposed on the handling of grain, including by providing for transfer of collected revenue to the grain depositors and sellers indemnity fund, providing for the future elimination of the excise tax, and including effective date and retroactive applicability provisions.(Formerly HSB 230.)

IA HSB131

A bill for an act providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy.(See HF 508, HF 999.)

IA HSB113

A bill for an act providing for programs and regulations administered and enforced by the department of agriculture and land stewardship, providing fees, providing for the allocation of moneys, and making penalties applicable.(See HF 277, HF 666.)

IA HF277

A bill for an act providing for programs and regulations administered and enforced by the department of agriculture and land stewardship, providing fees, providing for the allocation of moneys, and making penalties applicable.(Formerly HSB 113; See HF 666.)

IA HF508

A bill for an act providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy.(Formerly HSB 131; See HF 999.)

IA HF999

A bill for an act providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy, and including effective date provisions.(Formerly HF 508, HSB 131.)

IA HSB634

A bill for an act relating to the forfeiture of property for criminal offenses and repealing civil forfeiture.(See HF 2560.)

IA SSB1115

A bill for an act providing for programs and regulations administered and enforced by the department of agriculture and land stewardship, providing fees, providing for the allocation of moneys, and making penalties applicable.(See SF 311.)

Similar Bills

No similar bills found.