Iowa Admin. Code r. 701-231.7 - [Effective 4/23/2025] Reports
Whenever "cigarette" is used in this rule, it also includes taxable "little cigars."
(1)
In-state distributors not exporting cigarettes. Every
distributor with a place of business in Iowa where cigarettes are stamped and
that is not engaged in exporting cigarettes from this state shall submit any
forms required by the department.
a. All
required forms must be completed before the report will be considered "filed"
and may require but not be limited to the following information:
(1) Distributor's name, permit number and
address;
(2) Amount of Iowa revenue
purchased during the month;
(3)
Quantity of cigarettes on hand at the end of the month;
(4) Amount of revenue on hand at the end of
the month;
(5) Purchases of
cigarettes during the month and as to each purchase, the seller's name, the
date of purchase, the invoice number, and the quantity purchased;
(6) An inventory report as to out-of-state
revenue;
(7) Quantity of cigarettes
returned to the factory along with supporting documents;
(8) Certification of the person responsible
for making the report;
(9)
Inventory accounting for cigarettes; and
(10) Inventory accounting for
revenue.
b. The quantity
of cigarettes distributed or stamped should be equal to the tax equivalent of
the revenue used. Any discrepancy must be adequately explained.
(2)
In-state distributors
exporting cigarettes. Every distributor with a place of business in
Iowa where cigarettes are stamped that also engages in exporting cigarettes
from this state shall file the forms required by the department. The forms must
be complete before the forms will be considered filed.
(3)
Out-of-state
distributors. Every distributor stamping cigarettes only without the
state shall file the forms required by the department and shall include but not
be limited to:
a. The distributor's name,
address and permit number;
b. An
itemized statement of Iowa revenue purchased;
c. An inventory accounting of Iowa
revenue;
d. A detailed schedule of
cigarette distribution in Iowa and as to each distribution, the date, the name
of purchaser or receiver, the purchaser's address and the quantity of
cigarettes distributed; and
e. The
certification of the person responsible for making the report.
(4)
Manufacturers and
other persons. The monthly reports for manufacturers and other persons
shall contain such information as the director deems necessary.
This rule is intended to implement Iowa Code section 453A.15.
Notes
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