Iowa Local Option Sales Tax (LOST) Questions and Answers

[2013 | Keywords: Iowa Legislation, Local Option Sales Tax, Sales Tax] Q: What does delivery have to do with the taxability of a sale? Where tangible personal property is delivered determines whether or not a sale is taxable. If delivery occurs within a local option jurisdiction, the local option sales tax may be due. If delivery does not occur in a local option jurisdiction, local option tax is not due. Delivery usually occurs when the seller transfers physical possession of the property to the buyer. In most instances, this transfer takes place at the seller’s place of business. If the… Read More »