Ag Exemption Review

[Author: Will Rogers, 01.17 | Keywords: Dealer Advocacy, Governmental Affairs, Sales Tax] One topic dealers consistently ask me about is Iowa sales tax exemptions related to agricultural production. While many of you are familiar with how this law works, a quick review may prove useful when dealing with a customer who wants to purchase a piece of equipment and claim an exemption from state sales tax. As Iowa sales tax laws provide, exempt status is granted for the sale of equipment that is primarily and directly used in agricultural production. In order to understand how this exemption works, we first… Read More »