Iowa Sales Tax for Manufacturing Businesses
Terry O'Neill, Iowa Department of Revenue
Webinar Chat Q&A
Presented October 10, 2013 from 12 pm to 1 pm (central)
In this webinar, Terry O'Neill with the Iowa Department of Revenue
covers Iowa sales and use tax for businesses in the manufacturing industry. A facilitated Q&A follows the presentation.
Just some of the topics covered will include:
- Tangible personal property
- Exemptions for manufacturers
- Tax definitions for manufacturers- direct/primary, and processing
- Exempt and taxable machinery/equipment examples (replacement parts, pollution control equipment, recycling equipment, etc)
- Exempt gases, chemicals, solvents, reagents, fuel used in processing
- Overview of consumer’s use tax as it pertains to the manufacturing industry
Terry started with the Iowa Department of Revenue in 1987 as a summer intern working to find non-registered businesses. In the fall of 1987, he became a revenue agent, collecting past due taxes in the Davenport area. In 1990, he became a Taxpayer Service Specialist (TSS). As a TSS, he assists taxpayers by e-mail and phone on a wide variety of Iowa tax issues. In addition, Terry is a primary presenter for other educational outreach efforts of the Department, such as Webinars.
Rob Williams of IASourceLink and the University of Northern Iowa served as moderator.
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