Iowa Admin. Code r. 701-250.6

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

Rule 701-250.6 - Federal excise tax

Tobe excluded from the fee for new registration, the federal excise tax must meet both of the following requirements:

(1) It must be imposed upon the purchaser and be due at the time of the retail sale.

(2) It must be billed or charged as a separate item.

This rule is intended to implement Iowa Code section 321.105A as amended by 2021 Iowa Acts, Senate File 366.

Iowa Admin. Code r. 701-250.6

Renumbered from 701-34.6 by IAB September 7, 2022/Volume XLV, Number 5, effective 10/12/2022