Iowa Admin. Code r. 701-221.5

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

Rule 701-221.5 - Exempt sales by excursion boat licensees

The sales price of the following sales by licensees authorized to operate excursion gambling boats is exempt from Iowa sales and use tax:

(1) charges for admission to excursion gambling boats, and

(2) the sales price from gambling games authorized by the state racing and gaming commission and conducted on excursion gambling boats.

The sales price from charges other than those for admissions or authorized gambling games would ordinarily be taxable. The following is a nonexclusive list of taxable licensee sales: parking fees, sales of souvenirs, vending machine sales, prepared meals, liquor and other beverage sales, and the sales price from nongambling video games and other types of games which do not involve gambling.

This rule is intended to implement Iowa Code section 99F.10(6).

Iowa Admin. Code r. 701-221.5

Renumbered from 701-214.5 by IAB September 7, 2022/Volume XLV, Number 5, effective 10/12/2022