Iowa Legislation Enacted Conforms to Streamlined Sales Tax Agreement

Effective January 1, 2009, a purchaser, purchaser’s seller or certified service provider (CSP), or purchaser holding a direct pay permit will not be liable for sales/use tax, local option sales tax, or interest/penalties for nonpayment of tax, if they relied on certain state-provided information contained in the state’s taxability matrix, taxability databases, or any other location where erroneous data regarding tax rates, boundaries, or taxing jurisdiction assignments appears. (S.F. 592, Laws 2007, effective July 1, 2007)

Posted on June 25, 2007