Exempts sales and use taxes for a nonprofit constructing a regional water trail system.

Iowa HF2774 exempts sales and use taxes for a nonprofit corporation constructing a regional water trail system. The bill designates the nonprofit as an exempt entity, allowing it to apply for tax refunds on building materials, supplies, equipment, and services. The exemption applies retroactively to January 1, 2025, and includes tangible personal property, specified digital products, and services sold to the nonprofit. The bill also exempts construction services provided to the nonprofit from sales tax.

Exempts sales and use taxes for a nonprofit constructing a regional water trail system.

Iowa HF2774 exempts sales and use taxes for a nonprofit corporation constructing a regional water trail system. The bill designates the nonprofit as an exempt entity, allowing it to apply for tax refunds on building materials, supplies, equipment, and services. The exemption applies retroactively to January 1, 2025, and includes tangible personal property, specified digital products, and services sold to the nonprofit. The bill also exempts construction services provided to the nonprofit from sales tax.