Iowa Admin. Code r. 701-256.5

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

Rule 701-256.5 - Distributor discount

Licensed tobacco distributors filing returns under Iowa Code section 453A.46 and rule 701-83.6 (453A) are entitled to deduct, from the remittance for tax due, a discount equal to 3½ percent.

This rule is intended to implement Iowa Code section 453A.46(1).

Iowa Admin. Code r. 701-256.5

Renumbered from 701-83.5 by IAB September 7, 2022/Volume XLV, Number 5, effective 10/12/2022