A bill for an act exempting sales and use taxes incurred for constructing a regional water trail system by a nonprofit corporation, and including effective date and retroactive applicability provisions.

Summary

The bill makes a nonprofit corporation that builds a regional water trail system a designated exempt entity, so sales and use taxes on building materials, supplies, equipment, digital products and related construction services are waived. The exemption applies immediately upon enactment and retroactively to purchases and contracts dated on or after Jan 1 2025. It affects Iowa nonprofits with board members appointed by state political subdivisions and the contractors they hire.

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