Iowa Admin. Code r. 701-204.3
Any model 1, 2, or 3 seller may submit its sales or use tax returns in a simplified format that does not include more data fields than permitted by the governing board. The department will require only one remittance for each return except as otherwise allowed by the agreement. If any additional remittance is required, it will only be required from sellers that have collected more than $30,000 in sales and use taxes in Iowa during the preceding calendar year. The amount of the additional remittance shall be determined through a calculation method rather than actual collections and shall not require the filing of an additional return.
This rule is intended to implement Iowa Code chapter 423, subchapter IV.
Iowa Admin. Code r. 701-204.3
ARC 7619C, IAB 2/7/24, effective 3/13/24