Iowa Admin. Code r. 701-212.1

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 701-212.1 - Sales to certain corporations organized under federal statutes

The sale of tangible personal property, specified digital products, or taxable services at retail to the following corporations are sales for final use or consumption to which tax shall apply:

1. Federal savings and loan associations.

2. Federal savings and trust companies.

3. National banks.

4. Other organizations of like character.

This rule is intended to implement Iowa Code section 423.2.

Iowa Admin. Code r. 701-212.1

Adopted by IAB September 7, 2022/Volume XLV, Number 5, effective 10/12/2022