§ 423D.4 — Administration by director

Iowa § 423D.4

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 423D: EQUIPMENT TAX

Text

1. Thedirectorofrevenueshalladministertheexcisetaxonthesaleanduseofequipment
as nearly as possible in conjunction with the administration of the state sales and use tax law,
exceptthatportionofthelawwhichimplementsthestreamlinedsalesandusetaxagreement.
The director shall provide appropriate forms, or provide on the regular state tax forms, for
reporting the sale and use of equipment excise tax liability. All moneys received and all
refunds shall be deposited in or withdrawn from the general fund of the state.
2. The director may require all persons who are engaged in the business of deriving any
salespriceorpurchasepricesubjecttotaxunderthischaptertoregisterwiththedepartment.
The director may also require a tax permit applicable only to this chapter for any retailer not
collecting, or any user not paying, taxes under chapter 423.
3. Section 422.25, subsection 4, sections 422.30, 422.67, and 422.68, section 422.69,
subsection 1, sections 422.70, 422.71, 422.72, 422.74, and 422.75, section 423.14, subsection
1, and sections 423.23, 423.24, 423.25, 423.31 through 423.35, 423.37 through 423.42,
and 423.47, consistent with the provisions of this chapter, apply with respect to the tax
§423D.4, EQUIPMENT TAX 2
authorized under this chapter, in the same manner and with the same effect as if the excise
taxes on equipment sales or use were retail sales taxes within the meaning of those statutes.
Notwithstanding this subsection, the director shall provide for monthly filing of returns
and for other than monthly filing of returns both as prescribed in section 423.31. All taxes
collected under this chapter by a retailer or any user are deemed to be held in trust for the
state of Iowa.