Bill > HF653

This bill modifies the existing sales and use tax filing requirements in Iowa to mandate electronic filing for monthly tax returns. Under the new provisions, businesses must submit their sales tax returns electronically at the end of each month, providing detailed information about sales prices, exempt sales, taxable sales, and tax calculations. The bill specifically states that if a return is not filed in the electronic format specified by the department of revenue, it will not be considered a valid return, unless the taxpayer has received prior permission from the director to file using an alternative method. Retailers must sign and certify their returns as correct, following forms and rules prescribed by the director. Additionally, the bill gives the department of revenue the authority to adopt administrative rules related to these filing requirements. The legislation is deemed of immediate importance and will take effect immediately upon enactment, which means businesses will need to quickly adapt to the new electronic filing mandate.

Budget and Finance

Ways and Means (H)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF653