|
Iowa State Tax Information |
|
|
|
- Sales Tax and Use
- LOST tax in some cities +1%
- Automotive: 5% + 1% + optional 1% city tax
- Rental and Property Tax Rates
- Automobile Rental: up to 7%
- Hotel and Motel Tax: not to exceed 7%
- Real Estate Transfer Tax: 0.16%
- Property Tax: calculated annually based on state deficit
- Fuel Tax Rates
- Aircaft Fuel Tax: $0.02 - $.08 per gallon
- Compressed Natural Gas Fuel Tax: $0.16 per 100 cubic feet
- Diesel Tax: $0.225 per gallon
- Gasoline Tax: $0.207 per gallon
- Gasohol Tax: $0.19 per gallon
- Liquor, Cigarette Tax Rates
- Beer Excise Tax: $ 0.19 per gallon
- Cigarette Tax: $0.36 per pack
- Liquor Excise Tax: Sales tax applied to on-premise sales only.
- Other Tobacco Tax: 22% of wholesale price
- Wine Excise Tax: $1.75 per gallon, under 5%- $0.19 per gallon
- Income Tax
- Corporate Income Tax: 6 to 12%
- Individual Income Tax: 0.36 (up to $1,242) to 8.98% (over $55,891)
- Miscellaneous Information
- Lottery Sales Tax: 35.6%
- Inheritance Tax for brother/sister, son-in-law/daughter-in-law: ranges from 5% - 10% based on inheritance amount
- Inheritance tax for individuals not listed above: 10% - 15% based on inheritance value
- Inheritance tax for society/not-for-profit agency: 10%
- Inheritance Tax for a Corporation/Business: 15%
|
|
Last Updated ( Monday, 19 June 2006 )
|
IA 
