Title X, FINANCIAL RESOURCES (Ch. 421 - 454)

The penalty for underpayment of any installment of estimated tax imposed under section 422.88 shall not be imposed if the total amount of all payments of estimated tax made on or before the last date prescribed for the payment of such installment equals or exceeds the amount whic…

Any Iowa net operating loss carried over from a taxable year beginning prior to January 1, 2023, may be deducted as provided in section 422.9, subsection 3 , Code 2018. 2018 Acts, ch 1161, §120, 133, 134 ; 2021 Acts, ch 177, §1 Referred to in §422.4 , 422.5 , 422.16 For text, his…

1. Any amount of estimated tax paid is a credit against the amount of tax due on a final, completed return, and any overpayment of five dollars or more shall be refunded to the taxpayer with interest in accordance with section 421.60, subsection 2 , paragraph “e” , and the return…

A taxpayer having a taxable year of less than twelve months shall pay estimated tax under rules adopted by the director. [C79, 81, §422.92 ] 89 Acts, ch 251, §29

Nothing in this chapter shall be construed to require the utilities commission to allow or require the use of any particular method of accounting by any public utility to compute its tax expense, depreciation expense, or operating expense for purposes of establishing its cost of …

1. a. Upon adoption of a resolution declaring emergency medical services to be an essential county service under subsection 2 , and subject to the limitations of this chapter , a county board of supervisors may offer for voter approval the authorization to impose any of the follo…

A county may impose by ordinance a local income surtax as provided in section 422D.1 at the rate set by the board of supervisors, of up to one percent, on the state individual income tax of each individual residing in the county at the end of the individual’s applicable tax year.…

1. A local income surtax may be imposed for tax years beginning on or after January 1 following the date the ordinance is filed with the director of revenue under subsection 3 , and is repealed as provided in section 422D.1, subsection 5 . 2. The director of revenue shall adminis…

1. On or before December 15, the director of revenue shall make an accounting of the local income surtax receipts and any interest and penalties collected from returns filed on or before November 1 and shall certify to the treasurer of state this amount collected. The treasurer o…

A county may levy an emergency medical services tax at the rate set by the board of supervisors subject to the limitation under section 422D.1, subsection 1 , paragraph “a” , subparagraph (2), and approved at the election as provided in section 422D.1 , on all taxable property in…

1. A county authorized to impose a tax under this chapter shall establish an emergency medical services trust fund into which revenues received from the taxes imposed shall be deposited. Moneys in the trust fund shall be used for emergency medical services. In addition, moneys in…

As used in this chapter the following words, terms, and phrases have the meanings ascribed to them by this section , except where the context clearly indicates that a different meaning is intended: 1. “Advertising and promotional direct mail” means direct mail the primary purpose…

Entry into the agreement by the director does not amend or modify any law of this state. Implementation of any condition of the agreement in this state, whether adopted before, at, or after membership of this state in the agreement, shall be by action of the general assembly. 200…

The director shall not enter into the agreement unless the agreement requires each state to abide by the following requirements: 1. Uniform state rate. The agreement must set restrictions to achieve more uniform state rates through the following: a. Limiting the number of state r…

1. The agreement binds and inures only to the benefit of Iowa and the other member states. A person, other than a member state, is not an intended beneficiary of the agreement. Any benefit to a person other than a member state is established by the law of Iowa and not by the term…

Purpose of this subchapter . The purpose of this subchapter is to provide for the administration and collection of sales or use tax on the part of retailers who are not registered under the agreement and for the collection of use tax on the part of consumers who are obligated to …

1. Notwithstanding any provision of this chapter to the contrary, any ruling, agreement, or contract, whether written or oral, express or implied, entered into after July 1, 2013, between a retailer and a state agency that provides that a retailer is not required to collect sales…

1. a. Sales tax, other than that described in paragraph “c” , shall be collected by sellers who are retailers or by their agents. Sellers or their agents shall, as far as practicable, add the sales tax, or the average equivalent thereof, to the sales price or charge, less trade-i…

1. For purposes of this section : a. “Iowa sales” means sales of tangible personal property, services, or specified digital products sourced to this state pursuant to section 423.15 , 423.16 , 423.17 , 423.19 , or 423.20 , or that are otherwise sold in this state or for delivery …

1. For purposes of this section , “Iowa sales” and “marketplace facilitator” all mean the same as defined in section 423.14A . 2. The department may, in its discretion, adopt rules pursuant to chapter 17A establishing and imposing notice and reporting requirements related to Iowa…

All sales of tangible personal property, services, or specified digital products, except those sales enumerated in section 423.16 , shall be sourced according to this section by sellers obligated to collect Iowa sales and use tax. The sourcing rules described in this section appl…

Section 423.15 does not apply to sales or use taxes levied on the following: 1. The retail sale or transfer of watercraft, modular homes, or mobile homes, and the retail sale, excluding lease or rental, of motor vehicles, trailers, semitrailers, or aircraft that do not qualify as…

The lease or rental of motor vehicles, trailers, semitrailers, or aircraft that do not qualify as transportation equipment, as defined in section 423.15, subsection 3 , shall be sourced as follows: 1. For a lease or rental that requires recurring periodic payments, each periodic …

1. Notwithstanding section 423.15 , the following provisions apply to sales of advertising and promotional direct mail: a. A purchaser of advertising and promotional direct mail may provide the seller with one of the following: (1) A direct pay permit. (2) An agreement certificat…

1. There is imposed a tax of six percent upon the sales price of all sales of tangible personal property, sold at retail in the state to consumers or users except as otherwise provided in this subchapter . a. For the purposes of this subchapter , sales of the following services a…

1. As used in this section : a. “Air-to-ground radiotelephone service” means a radio service, as that term is used in 47 C.F.R. §22.99 , in which common carriers are authorized to offer and provide radio telecommunications service for hire to subscribers in aircraft. b. “Call-by-…

1. For the purposes of this section , “bad debt” means an amount properly calculated pursuant to section 166 of the Internal Revenue Code then adjusted to exclude financing charges or interest, sales or use taxes charged on the purchase price, uncollectible amounts on property th…

If any person who causes tangible personal property or specified digital products to be brought into this state or who uses in this state services enumerated in section 423.2 has already paid a tax in another state in respect to the sale or use of the property or the performance …

Agreements between competing sellers, or the adoption of appropriate rules and regulations by organizations or associations of sellers to provide uniform methods for adding sales or use tax or the average equivalent thereof, and which do not involve price-fixing agreements otherw…

A seller shall not advertise or hold out or state to the public or to any purchaser, consumer, or user, directly or indirectly, that the taxes or any parts thereof imposed by subchapter II or III will be assumed or absorbed by the seller or the taxes will not be added to the sale…

The director shall have the power to adopt rules for adding the taxes imposed by subchapters II and III , or the average equivalents thereof, by providing different methods applying uniformly to retailers within the same general classification for the purpose of enabling the reta…

1. a. The use tax imposed upon the use of vehicles subject only to the issuance of a certificate of title shall be paid by the owner of the vehicle to the county treasurer or the state department of transportation from whom the certificate of title is obtained. A certificate of t…

1. Except as provided in subsection 3 , the use tax imposed upon the use of manufactured housing shall be paid by the owner of the manufactured housing to the manufactured home retailer licensed under chapter 103A . The owner of the manufactured housing shall also provide to the …

1. Every seller who is a retailer and who is making taxable sales of tangible personal property or specified digital products in Iowa or who is a retailer maintaining a place of business in this state making taxable sales of tangible personal property or specified digital product…

1. a. All revenues arising under the operation of the provisions of this subchapter II shall be deposited into the general fund of the state. b. Subsequent to the deposit into the general fund of the state, the director shall credit an amount equal to the product of the sales tax…

There is exempted from the provisions of this subchapter and from the computation of the amount of tax imposed by it the following: 1. The sales price from sales of tangible personal property, specified digital products, and services furnished which this state is prohibited from …

1. The director may, upon application, authorize the collection of the use tax by any seller who is a retailer not maintaining a place of business within this state and not registered under the agreement, who, to the satisfaction of the director, furnishes adequate security to en…

1. a. (1) Except as provided in paragraph “b” , each person subject to this section and section 423.36 and in accordance with the provisions of this section and section 423.36 shall, on or before the last day of the month following the close of each calendar month during which su…

1. Liability of purchaser and retailer. a. If a purchaser fails to pay sales tax to the retailer required to collect the tax, then in addition to all of the rights, obligations, and remedies provided, a use tax is payable by the purchaser directly to the department, and sections …

Any person who uses any tangible personal property, specified digital products, or services enumerated in section 423.2 upon which the use tax has not been paid, either to the county treasurer or to a retailer or direct to the department as required by this subchapter , shall be …

A purchaser is relieved of liability for payment of state sales or use tax, for payment of any local option sales tax, for payment of interest, or for payment of any penalty for nonpayment of tax which nonpayment is not fraudulent, willful, or intentional, under the following cir…

The director may, when necessary and advisable in order to secure the collection of the sales or use tax, authorize any person subject to either tax, and any retailer required or authorized to collect those taxes pursuant to the provisions of section 423.14 , to file with the dep…

1. A person shall not engage in or transact business as a retailer making taxable sales of tangible personal property, specified digital products, or furnishing services within this state or as a retailer making taxable sales of tangible personal property, specified digital produ…

1. a. As soon as practicable after a return is filed and within three years after the return is filed, the department may examine the return, assess and determine the tax due if the return is found to be incorrect, and give notice to the person liable for the tax of the assessmen…

1. A notice authorized or required under this subchapter may be given by mailing the notice to the person for whom it is intended, addressed to that person at the address given in the last return filed by the person pursuant to this subchapter , or if no return has been filed, th…

1. a. For purposes of this subsection , a “designated exempt entity” means any of the following: (1) A private nonprofit educational institution in this state. (2) A nonprofit Iowa affiliate of a nonprofit international organization whose primary activity is the promotion of the …