iowa SALES TAX spotlight
Q: A:
Do I charge sales tax if I ship an item to a customer that lives out-of-state?
The sales price from the sale of property or of services performed on property which the retailer transfers to a carrier for shipment to a point outside of Iowa, places in the United States mail or parcel post directed to a point outside of Iowa, or transports to a point outside of Iowa by means of the retailer’s own vehicles, and which is not thereafter returned to a point within Iowa, except solely in the course of interstate commerce or transportation, is exempt from sales tax. (Iowa Code 423.3 (43)) 2003.
What confuses this simple concept is when a dealer has “nexus” or a presence in another state. If a dealer has a presence in another state, they are required to collect the sales tax of that state.
Examples of nexus activities may include:
• having a representative, agent or salesperson in the state for the purpose of selling or taking orders • leasing tangible personal property or licensing rights for use within the state • maintaining a business location within the state • making delivery of goods with company-owned vehicles • performing services or installation, construction, or repairs • stocking inventory in a public warehouse or on consignment • solicit business through catalogs or other advertising material, telecommunication or trade shows
WITH OVER 60 YEARS OF
TRANSPORTATION EXPERIENCE, OUR #1 GOAL IS
CUSTOMER SATISFACTION!
The experienced team at Transportation Consultants offers the following services:
R US DOT# & MC# applications R Fuel Tax Reporting R IFTA Filings & Renewals R UCR Filings & Renewals R 2290 Filings & Renewals
QUESTION OF THE MONTH:
Q. What are some of the exemptions for the Electronic Logging Device (ELD) mandate?
A. Drivers that only use paper logs in 8 of the last 30 days are exempt. Drivers operating a power unit older than model year 2000 are exempt. Drivers that are part of a driveaway/towaway operation are exempt.
I-NEDA’s Truck Compliance HELPLINE: 515.278.1010 |
www.tcipermits.com 10 | The Retailer Magazine | Mar/Apr
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32
