reglab/statecodes huggingface dataset:
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.1 - Listing of property.

428.1 Listing of property.
Every person shall list for the assessor all property subject to taxation in the state, of which the person is the owner, or has the control or management, including but not limited to the following:
1. The property of one under disability, by the person having charge thereof.
2. The property of a married person, by either party.
3. The property of a beneficiary for whom the property is held in trust, by the trustee.
4. The property of a body corporate, company, society or partnership, by its principal accountant, officer, agent, or partner, as the assessor may demand.
5. Property under mortgage or lease is to be listed by and taxed to the mortgagor or lessor, unless listed by the mortgagee or lessee.
[C51, §458; R60, §714; C73, §803; C97, §1312; S13, §1312; C24, 27, 31, 35, 39, §6956; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.1]
89 Acts, ch 296, §49; 95 Acts, ch 83, §20; 99 Acts, ch 151, §43, 89
Referred to in §441.19
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.2 - Listing property of another.

428.2 Listing property of another.
Any person required to list property belonging to another shall list it in the same county in which the person would be required to list it if it were the person’s own, except as herein otherwise directed; but the person shall list it separately from the person’s own, giving the assessor the name of the person or estate to which it belongs.
[C51, §461; R60, §716; C73, §805; C97, §1316; C24, 27, 31, 35, 39, §6957; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.2]
Referred to in §441.19
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.5 - Unknown owners.

428.5 Unknown owners.
When the name of the owner of any real estate is unknown, it shall be assessed without connecting therewith any name, but inscribing at the head of the page the words “owners unknown”, and such property, whether lands or city lots, shall be listed as nearly as practicable in the order of the numbers thereof.
[R60, §737; C73, §826; C97, §1353; C24, 27, 31, 35, 39, §6960; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.5]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.6 - Deceased owner.

428.6 Deceased owner.
The real estate of persons deceased may be listed as belonging to the estate or the person’s heirs, without enumerating them.
[C51, §461; R60, §716; C73, §805; C97, §1353; C24, 27, 31, 35, 39, §6961; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.6]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.7 - Description of tracts — manner.

428.7 Description of tracts — manner.
A description shall not comprise more than one city lot or other smallest subdivision of the land according to the government surveys, except in cases where the boundaries are so irregular that it cannot be described in the usual manner in accordance therewith. However, descriptions may be combined for assessment purposes to allow the assessor to value the property as a unit. This section shall apply to known owners and unknown owners, alike.
[C97, §1353; C24, 27, 31, 35, 39, §6962; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.7]
Referred to in §425.5
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.20 - Definitions.

428.20 Definitions.
1. As used in this chapter, unless the context otherwise requires, “book”, “list”, “record”, or “schedule” kept by a county auditor, assessor, treasurer, recorder, sheriff, or other county officer means the county system as defined in section 445.1.
2. A person who purchases, receives, or holds personal property of any description for the purpose of adding to its value by a process of manufacturing, refining, purifying, combining of different materials, or by the packing of meats, with a view to selling the property for gain or profit, is a “manufacturer” for the purposes of this Title.*
[C51, §469; R60, §724; C73, §816; C97, §1319; C24, 27, 31, 35, 39, §6975; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.20]
89 Acts, ch 296, §53; 90 Acts, ch 1168, §48; 94 Acts, ch 1023, §53; 2000 Acts, ch 1148, §1; 2020 Acts, ch 1062, §94
Referred to in §420.207, 428.23
*This provision does not include chapters 421B, 427C, 435, 452A, and 453A, which were moved into this Title by the Code editor; chapters 421B, 427C, 435, 452A, and 453A contain the applicable provisions pertaining to those chapters
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.22 - Locker plants.

428.22 Locker plants.
For purposes of valuing and assessing property for tax purposes, locker plants shall be valued and assessed as commercial property. For purposes of this section, “locker plants” means any property used primarily for any or all of the following purposes:
1. To provide, as a part of its business operations, locker facilities which are rented at retail to consumers to be used for the storage of frozen meats, fish, or fowl owned by the person renting the locker.
2. To custom slaughter livestock under contract for a natural person and to process the carcass for the natural person by cutting, wrapping, and freezing the meat.
3. To process an animal carcass to offer at retail processed meat products to a natural person after the facility has purchased the livestock or carcass.
[C81, §428.22]
Referred to in §420.207
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.23 - Manufacturer to list.

428.23 Manufacturer to list.
Corporations organized for pecuniary profit and engaged in manufacturing as defined in section 428.20 shall list their real property in the same manner as is required of individuals.
[C97, §1319; C24, 27, 31, 35, 39, §6978; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.23]
89 Acts, ch 296, §54; 95 Acts, ch 83, §21
Referred to in §420.207
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.24 - Public utility plants.

428.24 Public utility plants.
The lands, buildings, machinery, and mains belonging to individuals or corporations operating waterworks, other than waterworks taxed under chapter 437B, or gasworks or pipelines, except those natural gas pipelines permitted pursuant to chapter 479, shall be listed and assessed by the department of revenue. In the making of assessments of waterworks plants, the value of any interest in the property assessed, of the municipal corporation where it is situated, shall be deducted, whether the interest is evidenced by stock, bonds, contracts, or otherwise.
[C97, §1343; C24, 27, 31, 35, 39, §6979; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.24; 81 Acts, ch 31, §9]
83 Acts, ch 101, §88; 98 Acts, ch 1194, §29, 40; 2003 Acts, ch 145, §286; 2013 Acts, ch 94, §6, 35, 36
Referred to in §29C.24, 423.3, 427A.1, 427B.17, 427B.26, 428.28, 437.12, 437.13, 441.73
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.25 - Property in different districts.

428.25 Property in different districts.
Where any such property except the capital stock is situated partly within and partly without the limits of a city, such portions of the said plant shall be assessed separately, and the portion within the said city shall be assessed as above provided, and the portion without the said city shall be apportioned by the department of revenue to the district or districts in which it is located.
[C97, §1343; C24, 27, 31, 35, 39, §6980; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.25]
2003 Acts, ch 145, §286
Referred to in §29C.24, 427A.1, 427B.17, 427B.26, 437.12, 437.13
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.26 - Personal property.

428.26 Personal property.
1. All the personal property of such individuals and corporations used or purchased by them for the purposes of such gas or waterworks, other than natural gas pipelines permitted pursuant to chapter 479 and other than waterworks taxed under chapter 437B, shall be listed and assessed by the department of revenue.
2. In the making of any such assessment of waterworks plants, the value of any interest in the property so assessed, of the municipal corporation in which the waterworks is situated, shall be deducted, whether such interest be evidenced by stock, bonds, contracts, or otherwise.
[C97, §1343; C24, 27, 31, 35, 39, §6981; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.26]
98 Acts, ch 1194, §30, 40; 2003 Acts, ch 145, §286; 2013 Acts, ch 94, §7, 35, 36
Referred to in §29C.24, 423.3, 427A.1, 427B.17, 427B.26, 437.12, 437.13
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.28 - Annual report by utility.

428.28 Annual report by utility.
1. Every individual, partnership, corporation, or association operating for profit, waterworks, other than waterworks taxed under chapter 437B, or gasworks or pipelines other than natural gas pipelines permitted pursuant to chapter 479, annually on or before May 1 of each calendar year, shall make a report on blanks to be provided by the department of revenue of all of the property owned by such individual, partnership, corporation, or association within the incorporated limits of any city in the state, and give such other information as the department of revenue shall require.
2. Every individual, partnership, corporation, or association which operates a public utility on a nonprofit basis other than a utility subject to tax under chapter 437A or chapter 437B, as defined in section 428.24 shall annually, on or before May 1 of each calendar year, make a report on blanks to be provided by the department of revenue of all of the property owned by the individual, partnership, corporation, or association within the incorporated limits of any city in the state, and give other information the department of revenue requires.
[C31, 35, §6982-d1; C39, §6982.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.28; 81 Acts, ch 31, §10]
84 Acts, ch 1177, §1; 98 Acts, ch 1194, §31, 40; 2003 Acts, ch 145, §286; 2008 Acts, ch 1032, §106; 2013 Acts, ch 94, §8, 35, 36; 2015 Acts, ch 109, §17, 75
Referred to in §29C.24, 423.3, 427A.1, 427B.17, 427B.26, 428.29
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428 - LISTING PROPERTY FOR TAXATION › Section 428.29 - Assessment and certification.

428.29 Assessment and certification.
The department of revenue shall on or before October 31 each year proceed to determine, upon the basis of the data required in the report under section 428.28 and any other information the department may obtain, the actual value of all property, subject to the department’s jurisdiction, of said individual, partnership, corporation, or association, and shall make assessments upon the taxable value of the property, as provided by section 441.21. The department of revenue shall, on or before October 31, certify to the county auditor of every county in the state the valuations fixed for assessment upon all such property in each and every taxing district in each county by the department of revenue. This valuation shall then be spread upon the books in the same manner as other valuations fixed by the department of revenue upon property assessed under the department’s jurisdiction.
[C31, 35, §6982-d2; C39, §6982.2; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §428.29]
2003 Acts, ch 145, §286; 2008 Acts, ch 1032, §106; 2009 Acts, ch 60, §8; 2010 Acts, ch 1069, §52; 2015 Acts, ch 109, §18, 75
Referred to in §29C.24, 427A.1, 427B.17, 427B.26, 437.13, 443.22
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.3 - Who liable for tax.

428A.3 Who liable for tax.
Any person, firm or corporation who grants, assigns, transfers, or conveys any land, tenement, or realty by a deed, writing, or instrument subject to the tax imposed by this chapter shall be liable for such tax but no public official shall be liable for a tax with respect to any instrument executed by the public official in connection with official duties.
[C66, 71, 73, 75, 77, 79, 81, §428A.3]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.4 - Recording refused.

428A.4 Recording refused.
1. The county recorder shall refuse to record any deed, instrument, or writing, taxable under section 428A.1 for which payment of the tax determined on the full amount of the consideration in the transaction has not been paid. However, if the deed, instrument, or writing, is exempt under section 428A.2, the county recorder shall not refuse to record the document if there is filed with or endorsed on it a statement signed by either the grantor or grantee or an authorized agent, that the instrument or writing is excepted from the tax under section 428A.2. The validity of an instrument as between the parties, and as to any person who would otherwise be bound by the instrument, is not affected by the failure to comply with this section. If an instrument is accepted for recording or filing contrary to this section the failure to comply does not destroy or impair the record as notice.
2. The county recorder shall refuse to record any deed, instrument, or writing by which any real property in this state shall be granted, assigned, transferred, or otherwise conveyed, except those transfers exempt from tax under section 428A.2, subsections 2 through 5, 7 through 13, and 16 through 21, or under section 428A.2, subsection 6, except in the case of a federal agency or instrumentality, until the declaration of value has been submitted to the county recorder. A declaration of value shall not be required with a deed given in fulfillment of a recorded real estate contract provided the deed has a notation that it is given in fulfillment of a contract.
[C66, 71, 73, 75, 77, 79, 81, §428A.4]
83 Acts, ch 135, §1; 87 Acts, ch 133, §2; 2009 Acts, ch 27, §16
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.5 - Documentation of payment.

428A.5 Documentation of payment.
The amount of tax imposed by this chapter shall be paid to the county recorder in the county where the real property is located and the amount received shall appear on the face of the document or instrument. The method of documentation of a transfer tax shall be approved by the department of revenue.
[C66, 71, 73, 75, 77, 79, 81, §428A.5]
83 Acts, ch 135, §2; 99 Acts, ch 175, §2; 2001 Acts, ch 44, §19; 2003 Acts, ch 145, §286; 2009 Acts, ch 27, §17
Referred to in §428A.1
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.7 - Forms provided by director of revenue.

428A.7 Forms provided by director of revenue.
The director of revenue shall prescribe the form of the declaration of value and shall include an appropriate place for the inclusion of special facts and circumstances relating to the actual sales price in real estate transfers. The director shall provide an adequate number of the declaration of value forms to each county recorder in the state. If the declaration of value form requires or provides for the inclusion of the social security number or federal tax identification number of a seller or buyer, the department shall provide that the social security number or federal tax identification number remains confidential and cannot be obtained by public examination.
[C66, 71, 73, 75, 77, 79, 81, §428A.7]
83 Acts, ch 135, §3; 2003 Acts, ch 145, §286; 2009 Acts, ch 112, §1
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.9 - Refund of tax.

428A.9 Refund of tax.
To receive a refund from the state the taxpayer shall petition the state appeal board for a refund of the amount of overpayment of the tax remitted to the department of revenue. To receive a refund from the county the taxpayer shall petition the board of supervisors for a refund of the remaining portion of the overpayment paid to that county.
2001 Acts, ch 150, §19; 2022 Acts, ch 1061, §25
Section amended
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.10 - Penalty.

428A.10 Penalty.
Any person, firm or corporation liable for the tax imposed by this chapter who knowingly fails to comply with this chapter relating to the payment of the real estate transfer tax is guilty of a simple misdemeanor.
[C66, 71, 73, 75, 77, 79, 81, §428A.10]
83 Acts, ch 135, §5
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.11 - Enforcement.

428A.11 Enforcement.
The director of revenue shall enforce the provisions of this chapter and may prescribe rules for their detailed and efficient administration.
[C66, 71, 73, 75, 77, 79, 81, §428A.11]
2003 Acts, ch 145, §286
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 428A - REAL ESTATE TRANSFER TAX › Section 428A.13 - Nonapplicability.

428A.13 Nonapplicability.
This chapter shall not apply with respect to any deed, instrument, or writing where such deed, instrument, or writing may not under the Constitution of this state or under the Constitution or laws of the United States be made the subject of taxation by this state.
[C66, 71, 73, 75, 77, 79, 81, §428A.13]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 429 - NOTIFICATION OF TAXPAYERS › Section 429.1 - Notice of assessment.

429.1 Notice of assessment.
The department of revenue shall, at the time of making the assessment of property as provided in chapters 428, 433, 434, 437, and 438, inform the person assessed, by mail, of the valuation put upon the taxpayer’s property. The notice shall contain a notice of the taxpayer’s right of appeal to the director of revenue as provided in section 429.2.
[C81, §429.1]
86 Acts, ch 1241, §37; 2002 Acts, ch 1150, §12; 2003 Acts, ch 145, §286; 2015 Acts, ch 109, §19, 75
For future amendment to this section, effective July 1, 2024, see 2018 Acts, ch 1158, §13, 28
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 429 - NOTIFICATION OF TAXPAYERS › Section 429.2 - Appeal.

429.2 Appeal.
1. The taxpayer shall have thirty days from the date of the notice of assessment to appeal the assessment to the director of revenue. Thereafter, the proceedings before the director of revenue shall conform to the provisions of subsection 2 and chapter 17A.
2. The following rules shall apply to the appeal proceedings in addition to those stated in chapter 17A:
a. The department’s assessment shall be presumed correct and the burden of proof shall be on the taxpayer with respect to all issues raised on appeal, including any challenge of the department’s valuation.
b. The burden of proof must be carried by a preponderance of the evidence.
c. The director of revenue shall consider all evidence and witnesses offered by the taxpayer and the department, including but not limited to evidence relating to the proper valuation of the property involved.
d. The director of revenue shall make an independent determination of the value of the property based solely upon the director’s review of the evidence presented.
e. Upon the request of a party, the director of revenue shall set the case for hearing within one year of the date of the request, unless for good cause shown, by application and ruling thereon after notice and not ex parte, the hearing date is continued by the director of revenue.
[C31, 35, §6982-d3; C39, §6982.3; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, §428.30; C81, §429.2]
94 Acts, ch 1133, §9, 16; 99 Acts, ch 151, §44, 89; 2006 Acts, ch 1010, §109, 110; 2015 Acts, ch 109, §20, 75; 2016 Acts, ch 1128, §7, 16, 24
Referred to in §429.1
2016 amendment to subsection 2, paragraph c, takes effect May 27, 2016, and applies retroactively to May 22, 2015;
2016 Acts, ch 1128, §16, 24
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 429 - NOTIFICATION OF TAXPAYERS › Section 429.3 - Judicial review.

429.3 Judicial review.
Judicial review of the action of the director of revenue may be sought by the taxpayer in accordance with the terms of chapter 17A.
[C31, 35, §6982-d4; C39, §6982.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, §428.31; C81, §429.3]
94 Acts, ch 1133, §10, 16; 2003 Acts, ch 145, §286; 2015 Acts, ch 109, §21, 75
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.2 - Mutual service corporations.

432.2 Mutual service corporations.
Notwithstanding section 432.1, a hospital service corporation, medical service corporation, pharmaceutical service corporation, optometric service corporation, and any other service corporation operating under chapter 514 shall pay as taxes to the director of revenue an amount equal to the applicable percent, as provided in section 432.1, subsection 2, of the gross amount of payments received during the preceding calendar year for subscriber contracts covering residents in this state after deducting the amounts returned to subscribers upon canceled subscriber contracts and rejected applications. Section 432.1, subsections 5 and 6, apply to the tax imposed by this section.
85 Acts, ch 239, §1; 2002 Acts, ch 1158, §7; 2003 Acts, ch 145, §286
Referred to in §432.1
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.3 - Receipts — certificate of authority.

432.3 Receipts — certificate of authority.
At the time of filing the annual tax return and the final payment of said taxes, said companies and associations shall take duplicate receipts therefor, one of which shall be filed with the commissioner of insurance, and upon filing of said receipt, and not until then, the commissioner of insurance shall issue the annual certificate as provided by law.
[C73, §807; C97, §1333; S13, §1333; C24, 27, 31, 35, 39, §7023; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §432.3; 81 Acts, ch 142, §2]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.4 - Deduction for debts.

432.4 Deduction for debts.
No deduction or exemption from the taxes herein provided shall be allowed for or on account of any indebtedness owing by any such insurance company or association; provided, however, that companies doing a fire insurance business may deduct from the gross amount of premiums received, the amount of premiums returned upon canceled policies issued upon property situated in this state.
[C97, §1333; S13, §1333; C24, 27, 31, 35, 39, §7024; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §432.4]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.5 - Risk retention groups.

432.5 Risk retention groups.
A risk retention group organized and operating pursuant to Pub. L. No. 99-563, also known as the Risk Retention Amendments of 1986, shall pay as taxes to the director of revenue an amount equal to the applicable percent, as provided in section 432.1, subsection 4, of the gross amount of the premiums written during the previous calendar year for risks placed in this state. A resident or nonresident producer shall report and pay the taxes on the premiums for risks that the producer has placed in this state with or on behalf of a risk retention group. The failure of a risk retention group to pay the tax imposed in this section shall result in the risk retention group being considered an unauthorized insurer under chapter 507A.
87 Acts, ch 138, §1; 2003 Acts, ch 145, §286; 2004 Acts, ch 1110, §4; 2006 Acts, ch 1117, §4
Referred to in §515E.4
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.6 - Personal and real property.

432.6 Personal and real property.
Every insurance corporation or association organized under the laws of this state, not including corporations with capital stock, county mutuals, and fraternal beneficiary associations, which county mutuals and fraternal beneficiary associations are not organized for pecuniary profit, shall, on or before the twenty-sixth day of January in each year, for the purpose of assessment of its property, furnish to the assessor of the assessment district in which its principal place of business is located, a statement verified by its president, showing specifically with reference to the year next preceding the first day of January then last past:
1. A duplicate of the statement required by law to be made to the commissioner of insurance for the said year last past.
2. A detailed statement of all its property and assets of every kind and nature whatsoever, and the value of each item thereof, including surplus, guaranty, and reserve fund, and the amount of each.
[S13, §1333-b; C24, 27, 31, 35, 39, §7027; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §432.6]
Referred to in §432.7
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.7 - Assessment.

432.7 Assessment.
The assessor shall, upon the receipt of the statements, and from other information acquired by the assessor, assess against every corporation or association referred to in section 432.6, the actual value of each parcel of real estate situated in the assessment district of the assessor, and all the property shall be assessed at the same rate, and for the same purposes as the property of private individuals, as provided in section 441.21.
[S13, §1333-b; C24, 27, 31, 35, 39, §7028; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §432.7]
89 Acts, ch 296, §58
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.9 - Debts deductible.

432.9 Debts deductible.
In ascertaining the indebtedness or liability of such corporation, company, or association, a debt shall be deemed to exist on account of its liability on the policies, certificates or other contracts of insurance issued by it equal to the amount of the surplus or other funds accumulated by any such corporation or association for the purpose of fulfilling its policies, certificates, or other contracts of insurance, and which can be used for no other purpose.
[S13, §1333-c; C24, 27, 31, 35, 39, §7030; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §432.9]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.10 - Sufficiency of remitted tax — notice.

432.10 Sufficiency of remitted tax — notice.
The commissioner of insurance shall determine whether or not the tax remitted is correct. If the tax remitted is not sufficient, the commissioner shall notify the delinquent company of the amount of such delinquency and certify the amount thereof to the department of revenue which shall proceed to collect such delinquency.
[C71, 73, 75, 77, 79, 81, §432.10]
2003 Acts, ch 145, §286
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12A - Historic preservation tax credit.

432.12A Historic preservation tax credit.
The taxes imposed under this chapter shall be reduced by a historic preservation tax credit allowed under chapter 404A.
2002 Acts, ch 1003, §4, 5; 2007 Acts, ch 165, §7, 9; 2014 Acts, ch 1118, §11, 12; 2015 Acts, ch 30, §122; 2017 Acts, ch 29, §124
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12C - Investment tax credits.

432.12C Investment tax credits.
1. The tax imposed under this chapter shall be reduced by an investment tax credit authorized pursuant to section 15E.43 for an investment in a qualifying business.
2. The taxes imposed under this chapter shall be reduced by investment tax credits authorized pursuant to section 15.333A and section 15E.193B, subsection 6, Code 2014.
2002 Acts, ch 1006, §10, 13; 2006 Acts, ch 1158, §60; 2013 Acts, ch 70, §21; 2013 Acts, ch 90, §106; 2014 Acts, ch 1130, §40; 2015 Acts, ch 138, §123, 126, 127
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12E - Tax credits for wind energy production and renewable energy.

432.12E Tax credits for wind energy production and renewable energy.
The taxes imposed under this chapter shall be reduced by tax credits for wind energy production allowed under chapter 476B and for renewable energy allowed under chapter 476C.
2004 Acts, ch 1175, §407, 418; 2005 Acts, ch 160, §5, 14
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12G - Workforce housing investment tax credit.

432.12G Workforce housing investment tax credit.
The taxes imposed under this chapter shall be reduced by a workforce housing investment tax credit allowed under section 15.355, subsection 3.
2014 Acts, ch 1130, §22, 24 – 26
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12H - Tax credit for certain sales taxes paid by third-party developers.

432.12H Tax credit for certain sales taxes paid by third-party developers.
The taxes imposed under this chapter shall be reduced by a tax credit authorized pursuant to section 15.331C for certain sales taxes paid by a third-party developer.
2006 Acts, ch 1158, §61
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12I - Iowa fund of funds tax credit.

432.12I Iowa fund of funds tax credit.
The taxes imposed under this chapter shall be reduced by a tax credit authorized pursuant to section 15E.66, if redeemed, for investments in the Iowa fund of funds.
2006 Acts, ch 1158, §62
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12L - Redevelopment tax credit.

432.12L Redevelopment tax credit.
The taxes imposed under this chapter shall be reduced by a redevelopment tax credit allowed under chapter 15, subchapter II, part 9.
2008 Acts, ch 1173, §11; 2009 Acts, ch 41, §129
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.12O - Employer child care tax credit.

432.12O Employer child care tax credit.
The taxes imposed under this chapter shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31.
2022 Acts, ch 1148, §26, 28
Section applies to tax years beginning on or after January 1, 2023; 2022 Acts, ch 1148, §28
NEW section
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.13 - Premium tax exemption — hawk-i program — state employee benefits.

432.13 Premium tax exemption — hawk-i program — state employee benefits.
1. Premiums collected by participating insurers under chapter 514I are exempt from premium tax.
2. Premiums received for benefits acquired on behalf of state employees by the department of administrative services pursuant to section 8A.402, subsection 1, and by the state board of regents pursuant to chapter 262, are exempt from premium tax.
98 Acts, ch 1196, §1, 16; 99 Acts, ch 200, §19, 23; 2003 Acts, ch 145, §259; 2012 Acts, ch 1138, §120
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432 - INSURANCE COMPANIES TAX › Section 432.14 - Statute of limitations.

432.14 Statute of limitations.
Within five years after the tax return is filed or within five years after the tax return became due, whichever is later, the commissioner of insurance shall examine the return and determine the tax. An assessment or a claim for credit must be made within five calendar years after the annual tax filing is made. For a five-year period preceding the current calendar year, a company may apply for a credit, or the commissioner may make an assessment, as appropriate. The period of examination and determination of the correct amount of tax is unlimited in the case of a false or fraudulent return made with the intent to evade tax or in the case of a failure to file a return.
98 Acts, ch 1057, §1
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.1 - Amount of tax on underwriting profit.

432A.1 Amount of tax on underwriting profit.
Every insurer authorized to do the business of selling marine insurance in this state, as authorized in section 515.48, shall, with respect to all insurance written within this state upon hulls, freights, or disbursements, or upon goods, wares, merchandise and all other personal property and interests therein, in the course of exportation from or importation into any country, or transportation coastwise including transportation by land or water from point of origin to final destination in respect to or appertaining to or in connection with, any and all risks or perils of navigation, transit or transportation and upon the property while being prepared for and while awaiting shipment, and during any delays, storage, transshipment or reshipment incident thereto, including war risks and marine builder’s risks, pay a tax of six and one-half percent on its taxable underwriting profit ascertained as provided in section 432A.2, from such insurance written within this state.
[C75, 77, 79, 81, §432A.1]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.2 - Profit within this state.

432A.2 Profit within this state.
The underwriting profit on such insurance written within this state shall be that proportion of the total underwriting profit of such insurer from such insurance written within the United States which the amount of net premiums of such insurer from such insurance written within this state bears to the total amount of net premiums of such insurer from such insurance written within the United States.
[C75, 77, 79, 81, §432A.2]
Referred to in §432A.1
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.3 - Profit within United States.

432A.3 Profit within United States.
The underwriting profit of such insurer on such insurance written within the United States shall be determined by deducting from the net earned premiums on such ocean marine insurance written within the United States during the taxable year which is the calendar year preceding the date on which such tax is due, the following items:
1. Net losses incurred, which means gross losses incurred during such calendar year under ocean marine insurance contracts written within the United States, less reinsurance claims collected or collectible and less net salvages or recoveries collected or collectible from any source applicable to the corresponding losses under such contracts.
2. Net expenses incurred in connection with such ocean marine contracts, including all state and federal taxes in connection therewith, but in no event shall the aggregate amount of such net expenses deducted exceed forty percent of the net premiums on such ocean marine insurance contracts, ascertained as provided in section 432A.4.
3. Net dividends paid or credited to policyholders on such ocean marine insurance contracts.
[C75, 77, 79, 81, §432A.3]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.4 - Computation of net earned premiums.

432A.4 Computation of net earned premiums.
In determining the amount of the tax imposed by this chapter, net earned premiums on ocean marine insurance contracts written within the United States during the taxable year shall be arrived at by deducting from gross premiums written on such contracts during the taxable year all return premiums, premiums on policies not taken, premiums paid for reinsurance of such contracts and net unearned premiums on all such outstanding contracts at the end of the taxable year, and adding to such amount net unearned premiums on such outstanding marine insurance contracts at the end of the calendar year preceding the taxable year.
[C75, 77, 79, 81, §432A.4]
Referred to in §432A.3
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.5 - Expenses incurred.

432A.5 Expenses incurred.
In determining the amount of the tax imposed by this chapter, net expenses incurred shall be determined as the sum of the following:
1. Specific expenses incurred on such ocean marine insurance business, consisting of all commissions, agency expenses, taxes, licenses, fees, loss adjustment expenses, and all other expenses incurred directly and specifically in connection with such business, less recoveries or reimbursements on account of or in connection with such commissions or other expenses collected or collectible because of reinsurance or from any other source.
2. General expenses incurred on such ocean marine insurance business, consisting of that proportion of general or overhead expenses incurred in connection with such business which the net premiums on such ocean marine insurance written during the taxable year bear to the total net premiums written by such insurer from all classes of insurance written by it during the taxable year. Within the meaning of this subsection, general or overhead expenses shall include salaries of officers and employees, printing and stationery, all taxes of this state and of the United States, except as included in subsection 1, and all other expenses of such insurer, not included in subsection 1, after deducting expenses specifically chargeable to any or all other classes of insurance business.
[C75, 77, 79, 81, §432A.5]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.6 - Computation of tax on ocean marine insurance profit.

432A.6 Computation of tax on ocean marine insurance profit.
In determining the amount of the tax imposed by this chapter, the taxable underwriting profit of such insurer on such ocean marine insurance business written within this state, shall be ascertained as follows:
1. In the case of every such insurer which has written any such business within this state during three calendar years immediately preceding the year in which such taxes were payable, the taxable underwriting profit shall be determined by adding or subtracting, as the case may be, the underwriting profit or loss on all such insurance written within the United States, ascertained as hereinbefore provided, for each of such three years and dividing by three.
2. In the case of every such insurer other than as specified in subsection 1 such taxable underwriting profit, if any, shall be the underwriting profit, if any, on such ocean marine insurance business written within this state during the taxable year, ascertained as hereinbefore provided, but after such insurer has written such ocean marine insurance business within this state during three calendar years, an adjustment shall be made on the three-year average basis by ascertaining the amount of tax payable in accordance with subsection 1.
[C75, 77, 79, 81, §432A.6]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.7 - Tax payable annually.

432A.7 Tax payable annually.
The tax imposed by this chapter shall be paid annually, on or before the first day of June, by every insurer authorized to do the business of marine insurance in this state during any one or more of the preceding three calendar years, and the calendar year next preceding such June 1 shall be deemed the taxable year within the meaning of this section.
[C75, 77, 79, 81, §432A.7]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.8 - Filing tax return.

432A.8 Filing tax return.
Every insurer liable to pay the tax shall, on or before June 1 of each year, file with the commissioner of insurance a tax return in accordance with or upon forms prescribed by the commissioner of insurance. The tax shown to be due, if any, shall be paid to the director of revenue who shall issue to the insurer a receipt in duplicate, one of which shall be filed with the commissioner of insurance before issuance of the annual certificate as provided by law.
[C75, 77, 79, 81, §432A.8]
2003 Acts, ch 145, §286
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 432A - MARINE INSURANCE TAX › Section 432A.9 - Underwriting profits tax in lieu of other taxes.

432A.9 Underwriting profits tax in lieu of other taxes.
The tax imposed by this chapter shall be paid upon the marine underwriting profits, if any, upon all marine insurance business written in this state each calendar year. The tax on gross premiums under section 432.1 shall not be levied on marine insurance premiums reportable in a tax return prescribed by the commissioner of insurance to record taxable underwriting profit, if any, defined herein. The tax return required shall be in lieu of all other tax requirements imposed by section 432.1.
[C75, 77, 79, 81, §432A.9]
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.1 - Statement required.

433.1 Statement required.
Every telegraph and telephone company operating a line in this state shall, on or before the first day of May in each year, furnish to the department of revenue a statement verified by its president or secretary showing:
1. The total number of miles owned, operated, or leased within the state, with a separate showing of the number leased.
2. The average number of poles per mile, and the whole number of poles on its lines in this state.
3. The total number of miles in each separate line or division thereof, also the average number of separate wires thereon.
4. The whole number of stations on each line, and the value of the same, including furniture.
5. The whole number of instruments on each separate line, and the gross rental charges per instrument, where the same are rented to patrons of the company making the return, together with the number of stations maintained, other than railroad stations.
6. The gross receipts and operating expenses of said company for the year ending December 31 next preceding, on business originating and terminating in this state.
7. The gross receipts and operating expenses of said company for the year ending December 31 next preceding, and not included in the statement made under subsection 6 hereof.
8. The total capital stock of said company.
9. The number of shares of capital stock issued and outstanding, and the par or face value of each share.
10. The market value of such shares of stock on the first day of January next preceding, and if such shares have no market value, the actual value thereof.
11. All real estate and other property owned by such company and subject to local taxation within this state.
12. The specific real estate, together with the permanent improvements thereon, owned by such company and situated outside this state and taxed as other real estate in the state where located, with a specific description of each piece, where located, and the purpose for which the same is used, and the actual value thereof in the locality where situated.
13. All mortgages upon the whole or any part of its property, together with the dates and amounts thereof.
14. The total length of the lines of said company.
15. The total length of the lines of said company outside this state.
[C97, §1328; S13, §1328; C24, 27, 31, 35, 39, §7031; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §433.1]
2003 Acts, ch 145, §286; 2015 Acts, ch 109, §22, 75
Referred to in §433.2, 433.3
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.2 - Additional statement.

433.2 Additional statement.
Upon the receipt of the statements required in section 433.1 from the several companies, the department of revenue shall examine the statements. If the department deems the statements insufficient and that further information is requisite, the department shall require the officer making the statements to make such other or further statement as the department may desire.
[C97, §1329; S13, §1329; C24, 27, 31, 35, 39, §7032; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §433.2]
2003 Acts, ch 145, §286; 2014 Acts, ch 1092, §92; 2015 Acts, ch 109, §23, 75
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.3 - Failure to make statement.

433.3 Failure to make statement.
In case of failure or refusal of any company to make out or deliver to the department of revenue the statements required in section 433.1, such company shall forfeit and pay to the state one hundred dollars for each day such report is delayed beyond the first day of May, to be sued and recovered in any proper form of action in the name of the state, and on the relation of the director of revenue, and such penalty, when collected, shall be paid into the general fund of the state.
[C97, §1329; S13, §1329; C24, 27, 31, 35, 39, §7033; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §433.3]
2003 Acts, ch 145, §286; 2015 Acts, ch 109, §24, 75
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.4A - Competitive long distance telephone company property.

433.4A Competitive long distance telephone company property.
For assessment years beginning before January 1, 2022, the director of revenue shall assess the property of a long distance telephone company, as defined in section 476.1D, subsection 10, Code 2018, previously classified by the utilities board as a competitive long distance telephone company under section 476.1D, subsection 10, Code 2018, which property is first assessed for taxation in this state on or after January 1, 1996, in the same manner as all other property assessed as commercial property by the local assessor under chapters 427, 427A, 427B, 428, and 441.
2019 Acts, ch 152, §42 – 44
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.5 - Actual value per mile — exemption value per mile.

433.5 Actual value per mile — exemption value per mile.
1. The department of revenue shall ascertain the actual value per mile of the property of each company within this state by dividing the total actual value, as ascertained under section 433.4, subsection 1, by the number of miles of line of such company within the state, and the result shall be deemed and held to be the actual value per mile of line of the property of such company within this state.
2. The department of revenue shall ascertain the exemption value per mile of the property of each company within this state by dividing the amount of the total exemption for that company determined under section 433.4, subsections 2 and 3, by the number of miles of line of such company within the state, and the result shall be deemed and held to be the exemption value per mile of line for that company.
[S13, §1330-a; C24, 27, 31, 35, 39, §7035; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §433.5]
2003 Acts, ch 145, §286; 2013 Acts, ch 123, §32, 38, 39; 2015 Acts, ch 109, §26, 75; 2018 Acts, ch 1158, §15
2023 Iowa Code › Title X - FINANCIAL RESOURCES › Chapter 433 - TELEGRAPH AND TELEPHONE COMPANIES TAX › Section 433.7 - Hearing.

433.7 Hearing.
At the time of determination of value by the department of revenue, any company interested shall have the right to appear, by its officers or agents, before the department of revenue and be heard on the question of the valuation of its property for taxation.
[S13, §1330-a; C24, 27, 31, 35, 39, §7037; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §433.7]
2003 Acts, ch 145, §286; 2009 Acts, ch 60, §10; 2010 Acts, ch 1061, §58; 2015 Acts, ch 109, §27, 75