State Excise Tax on Certain Construction Equipment. Information for businesses from the. What is Meant by “Certain Construction Equipment?”. self-propelled building equipment; pile drivers; motorized scaffolding;
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Information for businesses
The rate is 5% on the purchase of this certain construction equipment, and applies everywhere in the State of Iowa.
The lease or rental of equipment to contractors for direct and primary use in construction is exempt from the tax.
It is not subject to Iowa sales tax or local option tax.
The state sales or use tax permit is the only permit required.