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Applying Iowa Sales Tax to Discounts, Rebates and Coupons Discounts

[2013 | Keywords: Iowa Legislation, Sales Tax, Discounts, Rebates, Coupons] The word “discount” means “to buy at a reduction.” Iowa sales tax applies to the reduced price paid by the customer. Example: The price of a hammer at George’s Hardware is usually $10. The store reduces the price to $8. Customers who buy the hammer… Read More »