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Midwest Tax Recovery
Midwest Tax Recovery's Services
If you are involved in manufacturing there are a number of refunds available to you. The equipment that you use and the replacement parts for that equipment are almost always exempt. Any fuel or energy used to process is exempt as well.
Recyclers have numerous refunds available to them. Any trucks and trailers or collection devices as well as their replacement parts are exempt from sales tax. If you are using a PTO device to offload product that fuel is also exempt from fuel or road tax as well as sales tax. Any machines used to process the recyclables are exempt from tax as are their replacement parts and fuel.
Sales Tax Refunds
Fuel Tax Refunds
Anytime a PTO is used to off-load a fuel tax refund is available (if it was not powered with dyed or tax free fuel fuel). When fuel is purchased at the pump you pay road tax on that fuel. When the fuel is used for any purpose other than propelling a vehicle down the road Iowa allows you to pay sales tax instead of road tax on that fuel.
Some of the companies that can benefit from this:
- recyclers
- companies pulling belt or live floor trailers
- garbage or refuse haluers
- reefers
- companies pulling feed trailers
- concrete trucks or redi-mix trucks
Farmers
There are numerous exemptions available to the agricultural industry.
Manufacturers and Rock Quarries
Recyclers
