Iowa Admin. Code r. 701-260.12 - [Effective 4/23/2025] Reduction of refund-sales and use tax
(1)
Generally. Refunds of
the fuel tax paid on sales of fuel will be reduced by any applicable sales or
use tax. Iowa Code section
423.3(56) and
rule 701-218.11 (423) provide more
information on the exemption from sales or use tax when the fuel tax has been
imposed and paid.
(2)
Exclusion from reduction of refund. Refunds of the fuel tax
paid on sales of fuel used for other exempt purposes under Iowa Code chapter
423 and fuel lost through casualty will not be reduced by the applicable sales
or use tax.
(3)
Applicable
sale price. The sales price upon which the sales and use tax will be
applied shall include all federal excise taxes but will not include the Iowa
fuel tax.
This rule is intended to implement Iowa Code sections 423.3(356) and 452A.17.
Notes
ARC 6508C, IAB 9/7/22, effective 10/12/22
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