Section 423G.1 – Short title.

423G.1 Short title. This chapter may be cited as the “Water Service Tax Act”. 2018 Acts, ch 1001, §11, 27

Section 423G.2 – Definitions.

423G.2 Definitions. 1. All words and phrases used in this chapter and defined in section 423.1 have the same meaning given them by section 423.1 for purposes of this chapter. 2. As used in this chapter, “water service” and “water utility” mean the same as defined in section 423.3, subsection 103. 2018 Acts, ch 1001, […]

Section 423G.3 – Water service tax.

423G.3 Water service tax. An excise tax at the rate of six percent is imposed on the sales price from the sale or furnishing by a water utility of a water service in the state to consumers or users. 2018 Acts, ch 1001, §13, 27

Section 423G.4 – Exemptions.

423G.4 Exemptions. The sales price from transactions exempt from state sales tax under section 423.3, except section 423.3, subsection 103, is also exempt from the tax imposed by this chapter. 2018 Acts, ch 1001, §14, 27

Section 423G.5 – Administration by director.

423G.5 Administration by director. 1. The director of revenue shall administer the water service tax as nearly as possible in conjunction with the administration of the state sales and use tax law, except that portion of the law that implements the streamlined sales and use tax agreement. The director shall provide appropriate forms, or provide […]

Section 423G.6 – Deposit of revenues.

423G.6 Deposit of revenues. 1. All moneys received and all refunds shall be deposited in or withdrawn from the general fund of the state. 2. Subsequent to the deposit in the general fund of the state, the department shall transfer the following amounts to the following funds: a. For revenues reported on or after July […]

Section 423G.7 – Future repeal.

423G.7 Future repeal. This chapter is repealed upon the occurrence of one of the following, whichever is earlier: 1. The enactment date that the tax rate for the sales tax imposed upon the retail sales price of tangible personal property and the furnishing of enumerated services sold in this state in effect on July 1, […]