Iowa Admin. Code r. 701-252.8

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 701-252.8 - Filing returns; payment of tax

(1)Application of 701-Chapter 202. The requirements of 701-Chapter 202 shall apply to water utilities in the same manner that those requirements apply to all sellers and retailers making sales subject to state sales tax.

(2)Frequency of return filing and payment of tax based on combined water service excise tax and sales and use tax. With respect to the tax thresholds used for determining whether a retailer must file a return and remit sales and use tax monthly or annually, as described in rule 701-202.1 (423), the threshold for determining how frequently a water utility must file a return and remit the water service excise tax shall be based on the sum of the total amount of sales and use tax collected and the total amount of water service excise tax collected.

This rule is intended to implement Iowa Code section 423G.5.

Iowa Admin. Code r. 701-252.8

ARC 4217C, IAB 1/2/19, effective 2/6/19; ARC 6398C, IAB 7/13/22, effective 7/1/22; ARC 6508C, IAB 9/7/22, effective 10/12/22