Iowa Code 182.14 – Assessment
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1. An assessment provided in this chapter shall be imposed on the producer as follows:
a. If the producer sells wool or sheep to the first purchaser within this state, the following shall apply:
(1) If the sale occurs at a concentration point, the assessment shall be imposed at the time of delivery. The first purchaser shall deduct the assessment from the price paid to the producer at the time of sale.
(2) If the sale does not occur at a concentration point, the producer shall deduct the assessment from the amount received from the sale and shall forward the amount deducted to the board within thirty days following each calendar quarter.
b. If the producer sells, ships, or otherwise disposes of wool or sheep to any person outside this state, the producer shall deduct the assessment from the amount received from the sale and shall forward the amount deducted to the board.
Terms Used In Iowa Code 182.14
- Assessment: means an excise tax on the sale of sheep or wool as provided in this chapter. See Iowa Code 182.1
- Board: means the Iowa grain indemnity fund board created in section 203D. See Iowa Code 203D.1
- Board: means the Iowa sheep and wool promotion board established pursuant to section 182. See Iowa Code 182.1
- Concentration point: includes a public stockyard, auction market, street market, state or federal market, untested consignment sales location, buying station, or a livestock dealer's yard, truck, or facility. See Iowa Code 182.1
- Delivery: means the transfer of title to and possession of grain by a seller to a grain dealer or to another person in accordance with the agreement of the seller and the grain dealer. See Iowa Code 203.8
- First purchaser: means a person who purchases sheep or wool from a producer. See Iowa Code 182.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Producer: means a person who is actively engaged within this state in the business of producing or marketing sheep or wool and who receives income from the production of sheep or wool. See Iowa Code 182.1
- Sheep: means an animal of the ovine species, regardless of age, produced or marketed in this state. See Iowa Code 182.1
- 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
- Wool: means the natural fiber produced by sheep. See Iowa Code 182.1
2. The assessment imposed by this section shall be remitted to the board not later than thirty days following each calendar quarter during which the assessment amount was deducted.