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The tax world is an ever-changing environment, making it challenging to stay up-to-date. The tax experts at DMA post timely tax updates and information to help tax professionals in corporate taxation, specifically in property tax, sales tax, use tax, state income tax, commodity tax, Crown Royalties, unclaimed property and tax technology / tax solutions.

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Iowa Sales Tax Rate Could Make Dramatic Jump

by DMA Staff | Apr 01, 2019
Iowa Flag

In an effort to eliminate the individual income tax rates, HF 498 proposes to increase the sales and use tax rate from 6% to 11% in order to compensate for the loss. The increase would include sales of tangible personal property, telecommunications service and digital products. The rate would be in effect January 1, 2021 if passed and reduced to 10% by 2030. The bill went to subcommittee in February with no movement since.

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