SF 124 – Wine gallonage reports
FLOOR ACTION:
SF 124, a recommendation of the Alcoholic Beverages Division, makes technical changes for the wine gallonage tax reporting and remitting by wineries that are licensed to sell and ship directly to consumers in Iowa. This legislation does not eliminate the reporting requirement or the tax obligation on these sales, but establishes a new semi-annual filing frequency for Wine Direct Shipper License holders to report and remit wine gallonage taxes. This creates a more business-friendly reporting process for wineries that ship directly to Iowans and reduces the state’s cost in processing the reports. [3/9: 49-0 (McCoy absent)]