Iowa compliance at a glance
- Sales tax: 6.00% state rate. Many services taxable (info, repair, transportation). Combined 6-7%.
- Late fees: Up to 1.5% per month. (Iowa Code §535.2) Default 5%/yr; contract rates up to 21%/yr.
- Prompt-pay law: Iowa Prompt Payment Act (Iowa Code §573.12 for construction; §8A.514 for state). Public construction: 30 days for partial payments; subs paid within 7 days of GC receiving payment.
Iowa metros
- Des Moines737,164 residents · 0% combined tax
- Davenport379,441 residents · 0% combined tax
- Cedar Rapids275,668 residents · 0% combined tax
- Iowa City180,088 residents · 0% combined tax
- Waterloo168,162 residents · 0% combined tax
- Sioux City144,402 residents · 0% combined tax
- Ames125,156 residents · 0% combined tax
- Dubuque98,887 residents · 0% combined tax