[Source: INEDA, 10.2018 | Keywords: Construction, Sales Tax] As a reminder, certain types of construction equipment are exempt from the local option sales tax and the local school infrastructure sales tax. That equipment is defined as: … self‑propelled building equipment, pile drivers, motorized scaffolding, or attachments customarily drawn or attached to self‑propelled building equipment, pile… Read More »
In light of the June Supreme Court Decision more and more states are enacting laws that require dealers to collect and remit sales tax on transactions in their state even if the dealership has no physical presence in that state. Add Alabama, Illinois, Indiana, Kentucky, Michigan, Minnesota, New Jersey, North Dakota, Washington and Wisconsin to… Read More »
The Trump administration will deliver $12 billion in aid to farmers who’ve been hit by dropping prices for crops and livestock amid a burgeoning trade war in which agriculture is a main target for retaliation against U.S. tariffs. The assistance will be a mix of direct payments to farmers, commodity purchases for food-aid programs, and… Read More »
DES MOINES – Iowa Secretary of Agriculture Mike Naig today commented on the Iowa Crop Progress and Condition report released by the USDA National Agricultural Statistical Service. The report is released weekly from April through November. “We continue to be well ahead of the 5-year average on both corn and bean development, with 85 percent of the… Read More »
Dear Friends, On May 5, 2018, the Iowa Tax Reform Bill was passed by the Iowa House and Senate and Governor Kim Reynolds signed the bill into law on May 30th. This bill contains tax law changes that begin to impact the 2018 tax year and continue to change the tax law up to 2023, depending… Read More »