Bill Text: IA HF2707 | 2023-2024 | 90th General Assembly | Enrolled
Bill Title: A bill for an act relating to transactions involving used catalytic converters. (Formerly HSB 751.) Effective date: 07/01/2024.
Spectrum: Committee Bill
Status: (Passed) 2024-05-17 - Signed by Governor. H.J. 941. [HF2707 Detail]
Download: Iowa-2023-HF2707-Enrolled.html
House
File
2707
-
Enrolled
House
File
2707
AN
ACT
RELATING
TO
TRANSACTIONS
INVOLVING
USED
CATALYTIC
CONVERTERS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
714.27A,
subsection
2,
paragraphs
b
and
c,
Code
2024,
are
amended
to
read
as
follows:
b.
For
a
business
transaction
in
which
the
person
selling
the
catalytic
converter
operates
a
business
at
a
fixed
location
in
this
state,
the
person
shall
provide
to
the
purchaser
a
copy
of
the
person’s
valid
sales
tax
permit
issued
pursuant
to
chapter
423
or
a
copy
of
the
person’s
valid
business
license
or
permit
.
For
a
business
transaction
in
which
the
person
selling
the
catalytic
converter
operates
a
business
at
a
fixed
location
in
another
state
and
is
authorized
to
conduct
a
business
transaction
in
this
state,
the
person
shall
provide
to
the
purchaser
a
copy
of
the
person’s
valid
sales
tax
permit
issued
pursuant
to
chapter
423
,
if
the
person
has
such
a
permit,
or
a
copy
of
the
person’s
valid
business
license
or
permit
from
the
other
state.
If
a
person
is
unable
to
provide
the
documentation
required
in
this
paragraph,
the
person
shall
instead
comply
with
paragraph
“c”
.
c.
For
transactions
other
than
business
transactions,
the
person
selling
the
catalytic
converter
shall
provide
to
the
purchaser
an
original
receipt
or
invoice
for
a
replacement
catalytic
converter
purchased
fewer
than
thirty
days
before
the
person
sells
the
replaced
catalytic
converter,
a
signed
affidavit
attesting
to
the
seller’s
valid
ownership
of
the
House
File
2707,
p.
2
catalytic
converter,
or
a
junking
certificate
for
a
vehicle
that
was
issued
fewer
than
thirty
days
before
the
person
sells
the
catalytic
converter.
(1)
The
receipt,
invoice,
affidavit,
or
junking
certificate
presented
by
the
person
to
the
purchaser
must
be
unmarked
by
a
purchaser
pursuant
to
subsection
3
.
(2)
This
paragraph
does
not
apply
to
a
transaction
if
the
person
presents
proof,
unmarked
pursuant
to
subsection
3
,
to
the
purchaser
that
the
sale
is
approved
by
the
sheriff
of
the
county
in
which
the
vehicle
from
which
the
catalytic
converter
was
removed
is
registered.
Sec.
2.
Section
714.27A,
subsection
3,
paragraph
b,
Code
2024,
is
amended
to
read
as
follows:
b.
A
person
who
purchases
a
catalytic
converter
shall
mark
the
receipt,
invoice,
affidavit,
junking
certificate,
or
proof
of
sheriff
approval
presented
under
subsection
2
to
indicate
the
catalytic
converter
has
been
sold.
The
person
shall
take
a
photograph
of
the
catalytic
converter
that
clearly
identifies
the
item
as
a
catalytic
converter.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
2707,
Ninetieth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2024
______________________________
KIM
REYNOLDS
Governor
