This bill proposes an amendment to Section 423.3 of the Iowa Code, specifically by adding a new subsection that exempts the sales price of honeybees from the state sales and use tax. The new legal language states that the sales price of honeybees will not be subject to these taxes, thereby providing a financial benefit to beekeepers and promoting the beekeeping industry within the state.

Additionally, the bill clarifies that, according to Code section 423.6, any item that is exempt from the sales tax is also exempt from the use tax outlined in Code section 423.5. This means that the exemption for honeybees will apply to both sales and use taxes, ensuring that beekeepers are not burdened by these taxes when purchasing honeybees for their operations.

Statutes affected:
Introduced: 423.3