Iowa Code 423D.3 – Exemptions
Current as of: 2024 | Check for updates
|
Other versions
1. The sales price on the lease or rental of equipment to contractors for direct and primary use in construction.
Terms Used In Iowa Code 423D.3
- 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
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Use: means the exercise of any right or power incidental to the ownership of tobacco products. See Iowa Code 453A.42
2. The sales price or purchase price of equipment exempt from the equipment tax as provided in section 29C.24.