Governmental Affairs

Iowa Legislative Session Concludes

[Author: Will Rogers, 05.17 | Keywords: Governmental Affairs, Iowa Legislative] The first session of the 87th General Assembly of the Iowa Legislature adjourned on Saturday, April 22, at 7:18 a.m. We are delighted to announce several legislative successes that the Association was able to accomplish in conjunction with our industry allies. Equipment Rental Theft On April 10, Senate File 403 – the “Equipment Rental Theft” bill – passed in the Iowa House by a vote of 75-21. This bill makes it a crime to misappropriate equipment rental property with the intent to deprive the owner of the property without their consent…. Read More »

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 »