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Iowa Sales Tax: Extended Warranty

[Author: Tom Junge, Iowa Field Director, 2016 | Keywords: Iowa Legislation, Sales Tax, Warranty] With the influx of extended warranty sales by dealers (John Deere PowerGard, Case Protection Plan, New Holland Purchased Protection Plans and AGCO Protection) and the number of calls I have received from dealers since this topic was mentioned in the November Retailer, I… Read More »

Extended or Optional Warranty

[2013 | Keywords: Sales Tax, Warranty] Q: Would an optional warranty be taxed on a tractor that qualifies for the ag exemption? A: Correct. The optional warranty is a separate sale of tangible personal property. So while the tractor (and replacement parts) used in ag production is exempt, that does not exempt the sale of… Read More »