Iowa Code r. 701-213.15 - Goods damaged in transit
(1) If
goods shipped by a retailer have been delivered under a contract for sale to a
consumer, and thereafter the goods are damaged in the course of transit to the
consumer, the retailer and purchaser shall be liable for tax upon the full sale
price of the goods, as the sale to the consumer has been completed.
(2) If the goods have not been delivered to
the consumer, the sale to the consumer has not been completed, and the retailer
shall not be taxed for the amount agreed to be paid by the consumer.
This rule is intended to implement Iowa Code section 423.2.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.