Iowa Admin. Code r. 701-269.1

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 701-269.1 - Marijuana and controlled substances stamp tax

Iowa Code chapter 453B imposes a tax on "dealers" who possess, distribute, or offer to sell "taxable substances" as defined therein. The taxes imposed by Iowa Code chapter 453B are due and payable immediately upon manufacture, production, acquisition, purchase, or possession by a dealer. Payment of the tax is evidenced by a stamp, label, or other official indicia permanently affixed to the taxable substance.

ARC 6508C, IAB 9/7/22, effective 10/12/22; ARC 7019C, IAB 5/17/23, effective 7/1/23