Farm Machinery and Equipment Purchases, 1994

(1994) Farm Machinery and Equipment Purchases, 1994. Iowa State University

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Abstract

The Iowa Department of Revenue and Finance assists Iowa farmers and farm implement sellers when questions arise concerning sales and use tax on farm machinery and equipment purchases. This brochure is designed with these people in mind. Sales or use tax is not due when machinery or equipment used directly and primarily in agricultural, livestock, or dairy production is purchased or rented. The following machinery and equipment is placed into two categories: usually exempt or usually taxable.