There is exempted from tax imposed by this chapter the following:
- 1. The sales price on the lease or rental of equipment to contractors for direct and primary use in construction.
- 2. The sales price or purchase price of equipment exempt from the equipment tax as provided in section 29C.24.
2005 Acts, ch 140, §35; 2008 Acts, ch 1184, §60; 2014 Acts, ch 1093, §24 – 26; 2016 Acts, ch 1095, §12, 14