Iowa Admin. Code r. 701-213.12
Current through Register Vol. 47, No. 5, September 4, 2024
When a retailer contracts to fabricate items of tangible personal property from materials available in stock or through placing orders for materials that have been selected by customers, all expenses and profits from the sale of such fabricated articles shall be included in the sales price. The retailer shall not deduct fabrication or production charges, even though such charges are separately billed.
This rule is intended to implement Iowa Code sections 423.2(1) and 423.5(1).
Iowa Admin. Code r. 701-213.12