Gross sales subject to water service excise tax - Report the correct total of gross sales of water piped for compensation. Do not include other sales of tangible personal property or services.
Goods Consumed (water only) - Report the correct total cost of water consumed subject to water service excise tax when tax has not been previously paid. Goods consumed is water you originally purchased tax free for direct resale or to be incorporated into a product for resale, but instead used by you. The amount to report is the original cost paid by you to your supplier.
Total - The amount on Line 1 plus the amount on Line 2. This will be automatically calculated by the system.
Exemptions for water use only - Report the correct amount of water paid for compensation that qualifies to be exempt from water service excise tax this year.
- Interstate commerce
Sales made where delivery occurred outside Iowa.
Sales of water that will be resold in its present form by the purchaser.
Sales of water that will be incorporated into another item for resale by the purchaser.
Any exempt sales made during the year that do not fall into any of the previous categories.
Taxable Amount - The amount on Line 3 minus the amount on Line 4. This will be automatically calculated by the system.
Water Service Excise Tax - 6% of the taxable amount on Line 5. This will be automatically calculated by the system.
Deposits/Overpayment Credits - Enter the correct amount of water service excise tax already deposited for this year or the correct amount of any overpayment on a previous water service excise tax return that you chose to carry forward to this year. Do not include any penalty or interest paid. If none, enter zero.
Balance - The amount on line 6 minus the amount on line 7. This will be automatically calculated by the system..
Penalty - Depending on the specific circumstances on the filing of the original return, you may or may not owe a penalty. If you owe additional tax, you can either calculate any penalty you think you might owe and enter it here, or the Department will determine whether or not you owe penalty. If you owe penalty the Department will bill you.
Are you filing this return late but have 90% of the tax paid by the due date? You do not owe any penalty.
Are you filing this return late and do not have 90% of the tax paid by the due date? You owe 10% of the tax not paid by the due date.
Did you file the return on time but did not pay 90% of the tax by the due date? You owe a 5% penalty of the tax not paid by the due date.
Penalties can be waived only under special circumstances. If more than one penalty applies, the 10% penalty is the only one charged.
Interest - Automatically calculated by the system.
Are you paying any amount of your tax after the due date? You owe interest on the amount due. Interest accrues on the unpaid tax from the due date of the return. Any fraction of a month is considered as a whole month. Interest cannot be waived. The interest rate may change each year.
Total Amount Due - The total of Lines 8 9, and 10. Automatically calculated by the system.
Click this button to complete the calculation of the return based on the information you entered.
Click the continue button to move to the next screen.
Click the back button to return to the prior screen. Note: Clicking this button will erase all information entered and it will not be saved.