Iowa Tax Changes - January 2025
The Iowa Department of Revenue has updated its Taxability Matrix to align with the Streamlined Sales and Use Tax Agreement (SSUTA), effective as of October 8, 2024.
Key Updates in the Taxability Matrix:
- Disclosed Practice 8.1.a:
- Remote sellers' attendance at events as exhibitors or non-exhibitors.
- Disclosed Practice 8.1.j:
- When remote sellers must register and start remitting tax.
- Disclosed Practices 8.1.n & 8.1.o:
- Related to the economic nexus threshold for remote sellers.
- Disclosed Practice 8.1.p:
- Registration requirements for remote sellers with the Secretary of State to obtain a sales tax permit.
- Disclosed Practice 8.1.q:
- Guidelines regarding consumer use tax.
- Disclosed Practice 8.2.h:
- Registration for marketplace sellers with the Secretary of State for sales tax permit acquisition.
- Disclosed Practice 8.3.k:
- Voluntary registration for marketplace facilitators/providers.
- Disclosed Practice 8.3.q:
- Transactional economic nexus threshold details.
- Disclosed Practice 8.3.r:
- Registration for marketplace facilitators without a physical presence in Iowa with the Secretary of State.
Revision Date: The matrix was revised on December 31, 2024.
Iowa Sales & Use Taxes—Iowa updates SSUTA taxability matrix.
The Iowa Department of Revenue updated its taxability matrix to reflect the Streamlined Sales and Use Tax Agreement (SSUTA) as amended through October 8, 2024. In the Iowa Taxability Matrix: Tax Administration Practices, the Department added items within Disclosed Practice 8.1.a. for remote sellers related to attendance at events as an exhibitor or non-exhibitor; Disclosed Practices 8.1.j., related to when remote sellers must register and begin remitting and collecting tax; Disclosed Practice 8.1.n. and 8.1.o., related to economic nexus threshold for remote sellers; Disclosed Practices 8.1.p., related to registration by a remote seller with the Secretary of State or equivalent state agency as a condition of obtaining a sales tax permit; Disclosed Practice 8.1.q., related to consumer use tax; Disclosed Practice 8.2.h., related to registration by marketplace sellers with the Secretary of State or equivalent state agency as a condition of obtaining a sales tax permit; Disclosed Practice 8.3.k., related to voluntary registration as a marketplace facilitator/provider; Disclosed Practice 8.3.q., relating to transactional economic nexus threshold; and Disclosed Practice 8.3.r., relating to registration with the Secretary of State by a marketplace facilitator who does not have a physical presence in the state. (Iowa Taxability Matrix: Tax Administration Practices, revised 12/31/2024.)
Iowa Sales & Use Taxes—Iowa updates SSUTA taxability matrix.
The Iowa Department of Revenue updated its taxability matrix to reflect the Streamlined Sales and Use Tax Agreement (SSUTA) as amended through October 8, 2024. In the Iowa Taxability Matrix: Tax Administration Practices, the Department added items within Disclosed Practice 8.1.a. for remote sellers related to attendance at events as an exhibitor or non-exhibitor; Disclosed Practices 8.1.j., related to when remote sellers must register and begin remitting and collecting tax; Disclosed Practice 8.1.n. and 8.1.o., related to economic nexus threshold for remote sellers; Disclosed Practices 8.1.p., related to registration by a remote seller with the Secretary of State or equivalent state agency as a condition of obtaining a sales tax permit; Disclosed Practice 8.1.q., related to consumer use tax; Disclosed Practice 8.2.h., related to registration by marketplace sellers with the Secretary of State or equivalent state agency as a condition of obtaining a sales tax permit; Disclosed Practice 8.3.k., related to voluntary registration as a marketplace facilitator/provider; Disclosed Practice 8.3.q., relating to transactional economic nexus threshold; and Disclosed Practice 8.3.r., relating to registration with the Secretary of State by a marketplace facilitator who does not have a physical presence in the state. (Iowa Taxability Matrix: Tax Administration Practices, revised 12/31/2024.)