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. Additionally, the Department has developed guidance to explain this tax change:

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.

The Government Working Group is led by Co-Chairs Emily Schmitt, General Counsel of Sukup Manufacturing Co., and Barbara Sloniker, Executive Vice President at the Siouxland Chamber of Commerce. Additionally, Kraig Paulsen, Director of the Iowa Department of Revenue, serves as Working Group Director.

The Government Working Group of the Governor’s Economic Recovery Advisory Board will meet from 10 a.m. to noon on Wednesday, August 5. The public is invited to attend.

The Government Working Group is led by Co-Chairs Emily Schmitt, General Counsel of Sukup Manufacturing Co., and Barbara Sloniker, Executive Vice President at the Siouxland Chamber of Commerce. Additionally, Kraig Paulsen, Director of the Iowa Department of Revenue, serves as Working Group Director.

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that included extensive changes to the state’s tax structure. The Department has released updated guidance to explain the following tax change:

In December of 2019, President Trump signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 into law. This Act extends a number of expired federal tax provisions, many retroactively to tax years 2018 and 2019. Iowa has not conformed with any of these federal tax changes to the extent they apply to tax years beginning prior to January 1, 2020.