Statutes, codes, and regulations
Iowa Administrative Code
Agency 701 - REVENUE DEPARTMENTTitle III - SALES, USE, AND EXCISE TAX
Chapter 282 - RECEIPTS SUBJECT TO USE TAX DEPENDING ON METHOD OF TRANSACTION
Rule 701-282.5 - Property used to manufacture certain vehicles to be leased

Iowa Admin. Code r. 701-282.5

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Current through Register Vol. 47, No. 11, December 11, 2024
Rule 701-282.5 - Property used to manufacture certain vehicles to be leased

Tangible personal property that becomes an integral part of a vehicle as described in Iowa Code section 423.6(8) is exempt from use tax, subject to the limitations provided in Iowa Code section 423.6(8). However, this rule does not exempt the sale of the tangible personal property used from the imposition of sales tax under Iowa Code section 423.2 if that property is otherwise subject to sales tax.

This rule is intended to implement Iowa Code section 423.6(8).

Iowa Admin. Code r. 701-282.5

ARC 7717C, IAB 3/6/24, effective 4/10/24