Iowa Code § 423C.1
Short title
This chapter may be cited as the “Automobile Rental Excise Tax Act”.
Iowa Code Chapter 423C — Automobile Rental Excise Tax
Iowa · statute · Iowa Code ch. 423C · 5 active provisions
Iowa Code § 423C.2
Definitions
For purposes of this chapter, unless the context otherwise requires: 1. “Affiliate” means the same as defined in section 423.1. 2. “Automobile” means a motor vehicle subject to registration in any state designed primarily for carrying nine passengers or less, excluding motorcycles and motorized bicycles. 3. “Automobile…
Iowa Code § 423C.3
Tax on rental of automobiles collection and remittance of tax
1. A tax of five percent is imposed upon the rental price of an automobile if the rental transaction is subject to the sales tax under chapter 423, subchapter II, or the use tax under chapter 423, subchapter III. The tax shall not be imposed on any rental transaction not taxable under the state sales tax, as provided i…
Iowa Code § 423C.4
Administration and enforcement
All powers and requirements of the director of revenue to administer the state sales tax law under chapter 423 are applicable to the administration of the tax imposed under section 423C.3, including but not limited to section 422.25, subsection 4, sections 422.30, 422.67, and 422.68, section 422.69, subsection 1, secti…
Iowa Code § 423C.5
Deposit of revenue
The revenue arising from the operation of this chapter shall be credited to the statutory allocations fund created under section 321.145, subsection 2.