Iowa Admin. Code r. 701-221.3
Current through Regsiter Vol. 46, No. 26, June 12, 2024
Charges for returning tangible personal property after the agreed-upon date which are true demurrage charges supported by a written agreement do not constitute taxable sales and the charges are exempt from tax.
This rule is intended to implement Iowa Code section 423.1(47).
Iowa Admin. Code r. 701-221.3