No permit other than an Iowa sales or use tax permit is required to collect this tax.
Tax payment is shown by a stamp affixed to each cigarette package.
Cooperatives must file a return on or before the 15th day of the 9th month following the close of the cooperative's tax year. Estimated tax payments are due from most corporations on a quarterly basis. Nonprofit corporation returns with unrelated business income are due on the 15th day of the 5th month following the close of the tax year. Estimated payments are due from most financial institutions on a quarterly basis. Financial institutions which have elected corporation status are still subject to the franchiser tax and the shareholders are allowed a tax credit against their individual income tax for their share of the franchise tax paid.