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 subsection, labeled as 111, clarifies that the sales price of honeybees will not be subject to these taxes, thereby providing financial relief to beekeepers and promoting the beekeeping industry in Iowa.

Additionally, the bill notes 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 extend to both sales and use taxes, further supporting the economic viability of beekeeping in the state.

Statutes affected:
Introduced: 423.3