Iowa § 423.17 Sourcing rules for various types of leased or rented equipment which is not transportation equipment

Iowa Statutes

§ 423.17 — Sourcing rules for various types of leased or rented equipment which is not transportation equipment

Iowa § 423.17

Title XFINANCIAL RESOURCES

Ch. 423STREAMLINED SALES AND USE TAX ACT

This text of Iowa § 423.17 (Sourcing rules for various types of leased or rented equipment which is not transportation equipment) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 423.17 (2026).

Text

transportation equipment. The lease or rental of motor vehicles, trailers, semitrailers, or aircraft that do not qualify as transportation equipment, as defined in section 423.15, subsection 3, shall be sourced as follows:

1.For a lease or rental that requires recurring periodic payments, each periodic payment is sourced to the primary property location. The primary property location shall be as indicated by an address for the property provided by the lessee that is available to the lessor from its records maintained in the ordinary course of business, when use of this address does not constitute bad faith. This location shall not be altered by intermittent use at different locations.

2.For a lease or rental that does not require recurring periodic payments, the payment is sourced the sa

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transportation equipment.
The lease or rental of motor vehicles, trailers, semitrailers, or aircraft that do not qualify
as transportation equipment, as defined in section 423.15, subsection 3, shall be sourced as
follows:
1. For a lease or rental that requires recurring periodic payments, each periodic payment
is sourced to the primary property location. The primary property location shall be as
indicated by an address for the property provided by the lessee that is available to the lessor
from its records maintained in the ordinary course of business, when use of this address does
not constitute bad faith. This location shall not be altered by intermittent use at different
locations.
2. For a lease or rental that does not require recurring periodic payments, the payment
is sourced the same as a retail sale in accordance with the provisions of section 423.15,
subsection 1.
3. This section does not affect the imposition or computation of sales or use tax on leases
or rentals based on a lump sum or accelerated basis, or on the acquisition of property for
lease.