Iowa Admin. Code r. 701-270.9 - Allocation procedure when sourcing of local option sales tax remitted to the department is unknown
If the director is unable to determine from which county local option sales tax was collected, that local option sales tax shall be allocated among the various counties in which local option sales and services tax is imposed according to the following procedure:
1. The calculations performed under this
procedure shall be performed at least quarterly, but in no event less often
than the treasurer of the state is obligated to distribute shares of each
county's account in the local sales and services tax fund.
2. The total amount of receipts for which the
director is unable to determine a county of collection that have accumulated
since the last allocation of these receipts shall be added together to form one
lump sum.
3. The amount of
population (according to the most recent certified federal census ) within the
areas of each individual county in which a local option sales and services tax
is imposed shall be determined.
4.
The amount of population so determined in numbered paragraph "3" above for each
county shall be added to the amount for every other county in Iowa in which the
local option sales and services tax is imposed, until the figure for the amount
of population of all areas of Iowa in which the local option sales and services
tax is imposed is determined.
5.
The sum determined to exist in numbered paragraph "2" above shall be multiplied
by a fraction, the numerator of which is the population of any one county
determined in numbered paragraph "3" above and the denominator of which is the
number calculated by the method described in numbered paragraph "4." The
procedure described herein in numbered paragraph "5" shall be used until the
amount of tax due to every county imposing local option sales and services tax
is calculated. After calculations are complete, the treasurer of the state must
distribute shares of each county's account in the local sales and services tax
fund. Characterization of the term "most recent certified federal census " can
be found in rule 701-270.1 (423B), and methods of
rounding off percentages and monetary sums can be found in rule
701-270.8 (423B).
This rule is intended to implement Iowa Code section 423B.7(1).
Notes
ARC 7623C, IAB 2/7/24, effective 3/13/24
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