IDR Releases Updated State Tax Guidance: Grain Bins
August 14, 2020
During the 2019 Legislative Session, the General Assembly added a new exemption from sales and use tax under House File 779 for grain bins and grain bin materials, effective July 1, 2019. The Department previously announced the Sales & Use Tax Exemption: Grain Bins rulemaking had been adopted and filed.
IDR Releases Updated State Tax Guidance: Sales and Use Tax Changes
August 12, 2020
House File 2641 enacted several changes and clarifications to Iowa tax laws on topics of administration, income, sales, and property tax. This is intended to be a basic overview of the sales and use tax provisions of this Act. The Department will implement these changes through the administrative rulemaking process or by providing additional guidance as needed.
The Government Working Group of the Governor’s Economic Recovery Advisory Board meeting has been rescheduled and will now be 8-10 a.m. on Wednesday, August 19. The group was scheduled to meet August 12. The public is invited to attend.
Proposed Administrative Rules Available for Public Comment
July 29, 2020
The Department of Revenue has submitted new proposed rules to the Iowa Legislature, available for public comment through August 18, 2020. See individual notices for details. (Tax Return Preparers...; Homestead Tax Credit & Military Service Tax Exemption...)