** MBI MEMBERS ONLY WEBINAR **
Presenter: Terry O’Neill, IA Department of Revenue - Davenport, IA
One of the most common questions received by the Department is how to handle Iowa sales tax-related to construction. How and when sales tax applies to both purchases and sales made by these businesses depends on the type of contractor involved.
Building materials are normally always subject to tax. Labor may be taxable is some cases, but not in others. Labor is only taxable if the work being performed is listed as a taxable service.
In addition, a service which is ordinarily taxable would be exempt from sales tax if performed on, or in connection with, certain types of construction. In this fast-paced and informative webinar, we will address these concerns and help you better understand taxes as a contractor.