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Industrial
(Sales and Use Taxes)
Processing Exemption Study Committee
The committee shall annually report to the general
assembly
by January 1 of each year through January 1, 2013.
The committee shall study and make legislative and administrative
recommendations relating to Iowa's processing exemption to ensure
maximum utilization by Iowa's industries. The committee shall study
and make recommendations regarding all of the following:
a. The current sales and use tax industrial processing exemption.
b. The corresponding administrative rules, including a review and
recommendation of an administrative rules process relating to the
industrial processing exemption prior to filing with the administrative
rules review committee.
c. Other states' industrial processing exemptions.
d. Recommendations for change for issues including effectiveness
and competitiveness.
e. Development of additional publications to improve compliance.
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