An excise tax is imposed on the use in this state of tangible personal property, including aircraft subject to registration under section 328.20, purchased for use in this state, at the rate of five percent of the purchase price of the property. An excise tax is imposed on the use of manufactured housing in this state at the rate of five percent of the purchase price if the manufactured housing is sold in the form of tangible personal property and at the rate of five percent of the installed purchase price if the manufactured housing is sold in the form of realty. An excise tax is imposed on the use of leased vehicles at the rate of five percent of the amount otherwise subject to tax as calculated pursuant to section 423.7A. The excise tax is imposed upon every person using the property within this state until the tax has been paid directly to the county treasurer or the state department of transportation, to a retailer, or to the department. An excise tax is imposed on the use in this state of services enumerated in section 422.43 at the rate of five percent. This tax is applicable where services are rendered, furnished, or performed in this state or where the product or result of the service is used in this state. This tax is imposed on every person using the services or the product of the services in this state until the user has paid the tax either to an Iowa use tax permit holder or to the department.
[C39, § 6943.103; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 423.2]
83 Acts, ch 1, § 5, 6; 92 Acts, 2nd Ex, ch 1001, § 211, 213; 96 Acts, ch 1125, § 2; 99 Acts, ch 168, §2; 99 Acts, ch 188, §20
Referred to in § 29C.15, 123.187, 328.26, 422.42, 423.3, 423.6
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