701—216.1(423) Athletic events. The sales price from the sale of tickets or admissions to athletic events occurring in the state of Iowa and sponsored by educational institutions, without regard to the use of the proceeds from such sales, is subject to tax, except when the events are sponsored by elementary and secondary educational institutions.
This rule is intended to implement Iowa Code section 423.2(3).
[ARC 7715C, IAB 3/6/24, effective 4/10/24]