Iowa Code 185C.25A – Collection of federal assessment
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Terms Used In Iowa Code 185C.25A
- Assessment: means a state or federal assessment. See Iowa Code 185C.1
- Board: means the Iowa grain indemnity fund board created in section 203D. See Iowa Code 203D.1
- Board: means the Iowa corn promotion board established by this chapter. See Iowa Code 185C.1
- Federal assessment: means a federal excise tax or other charge which is imposed for purposes related to market development. See Iowa Code 185C.1
- Promotional order: means an order pursuant to this chapter which provides for the administration of this chapter and provides for a state assessment necessary to provide for its administration. See Iowa Code 185C.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- State assessment: means a state excise tax on each bushel of corn marketed in this state which is imposed as part of a promotional order to administer this chapter. See Iowa Code 185C.1
Prior to the collection of the federal assessment, the board may approve the continued collection of the state assessment during the collection of the federal assessment. If the collection of the state assessment would be in addition to, and not an offset against, the collection of the federal assessment, the board shall suspend the collection of the state assessment. On the date of the termination or suspension of the federal assessment, the promotional order shall recommence and the suspension of the state assessment shall terminate.