Iowa Admin. Code r. 701-32.9

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 701-32.9 - Exemption for vehicles subject to registration

The use of vehicles, as defined in Iowa Code section 3211., subsections 4, 6, 8, 9, and 10, except vehicles that are designed primarily for carrying persons, is exempt from tax if the vehicles are purchased for lease and actually leased to a lessee for use outside the state of Iowa and the subsequent sole use in Iowa is in interstate commerce or interstate transportation. Such vehicles are commonly known as motor trucks, truck tractors, road tractors, trailers, or semitrailers. The exemption is retroactive to January 1, 1973.

This rule is intended to implement Iowa Code subsection 4234(7)..