Iowa Tax Exemptions for Museums

Monday, February 29th, 2016

 
 
A museum.
Share
Link
Iowa
Entertainment

The Iowa Department of Revenue released a policy letter on sales and use tax exemptions for purchases by museums.

Iowa exempts goods purchased by a nonprofit museum for educational, scientific, historical preservation, or aesthetic purposes. A "museum" is an institution open to the public on a regular basis and devoted to the care and exhibition of a collection of objects. Staff must be available to answer questions about the collection. "Museums" include art galleries, historical museums, museums of natural history, and museums devoted to one particular subject or one person.

If the museum fits this definition, it may use the exemption. The exemption only applies to purchases a museum uses to fulfill its exempt functions. As a result, a museum can make exempt purchases for purposes of historic preservation, education, science, or aesthetic.

http://www.ttrus.com/sites/default/files/ia/IASalesTaxExemption.pdf


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Washington Penalty Reduction Program

Monday, May 21st, 2018 -Businesses that apply to register with Washington's Marketplace Fairness Penalty Reduction Program by June 30,...

Cloud Software No Longer Taxable in Indiana

Thursday, May 17th, 2018 -Effective July 1, 2018, cloud software will no longer be taxable in Indiana. Indiana taxes the sale, lease,...

Sales Tax Increase in the Historic Triangle Region of...

Monday, May 14th, 2018 -Effective July 1, 2018, there will be an additional one percent (1%) regional sales and use tax imposed in the...

Sales by Charitable Organizations Generally Exempt in...

Friday, May 11th, 2018 -The Arkansas Department of Finance and Administration recently addressed the taxability of sales made by a non...

Credit Card Convenience Fees Taxable in New York

Wednesday, May 9th, 2018 -The New York Department of Taxation and Finance recently ruled that convenience fees for credit card purchases...

Farming Exemption Does Not Apply to Residential Gardening...

Monday, May 7th, 2018 -The Arkansas Department of Finance and Administration ruled that a utility vehicle used for residential garden...