Iowa Code r. 701-273.3 - State reinvestment district fund
(1)
Deposits. The department
shall deposit moneys into the appropriate district fund as described in Iowa
Code section 15J.6; however, moneys shall not
be deposited in the fund before the period for processing returns is
complete.
(2)
Late-filed
returns. Moneys described in Iowa Code section
15J.6 that are collected from
late-filed returns shall be deposited in the fund. Such moneys shall be
deposited following the period for processing returns for the quarter in which
the late return is received, subject to the limitations of Iowa Code chapter
15J.
(3)
Refund
claims. If the moneys described in Iowa Code section
15J.6 are the subject of a
refund claim and that claim is granted by the department, the department may
offset any refund at a later date against funds remitted to the district in
which the new retail establishment or new lessor that had remitted the refunded
tax amount is located.
This rule is intended to implement Iowa Code section 15J.6.
Notes
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