Iowa Admin. Code r. 701-261.2 - [Effective 4/23/2025] Tax rates-time tax attaches-responsible party-payment of the tax
(1)
Attachment of tax.
a.
L.P.G. The excise tax on L.P.G. attaches when the special fuel
is placed in a fuel supply tank of a motor vehicle.
b.
C.N.G., L.N.G., and
hydrogen. The excise tax on C.N.G. and L.N.G. attaches at the time of
delivery into equipment for compressing the gas for subsequent delivery into
the fuel supply tank of a motor vehicle.
(2)
Responsibility for collection and
remittance. The person responsible for the tax must collect the tax
from the purchaser and remit the tax to the department. Iowa Code section
452A.8(2)
"e" contains more information on the person responsible for
the tax.
(3)
Licensing. The person responsible for placing L.P.G. into the
fuel supply tank of a motor vehicle and the person responsible for placing
C.N.G., L.N.G., or hydrogen into compressing equipment must hold a license as a
dealer or user as defined in Iowa Code section
452A.4.
(4)
Returns. The return and
tax are due no later than the last day of the month following the month the
L.P.G. was placed in a vehicle or C.N.G., L.N.G., or hydrogen was placed into
compressing equipment. The tax must be remitted by means of electronic funds
transfer, unless the licensee can show that this method of payment would cause
undue hardship on the licensee. The return must be remitted by means of
electronic transmission.
(5)
Penalty and interest. Rule
701-259.8 (452A) provides
information on penalty and interest.
This rule is intended to implement Iowa Code section 452A.8.
Notes
ARC 1805C, IAB 1/7/15, effective 2/11/15; ARC 5842C, IAB 8/11/21, effective 9/15/21; ARC 6508C, IAB 9/7/22, effective 10/12/22; Editorial change: IAC Supplement 10/18/23
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