House File 994 amends sections of the Iowa Code related to beer and wine gallonage taxes. The bill introduces provisions allowing class A and special class A beer permit holders, as well as class A wine permit holders, to file tax reports and payments on a quarterly basis instead of monthly, provided they reasonably expect to owe no more than $2,500 in barrel or wine gallonage tax for the twelve-month period from July 1 to June 30. The new reporting schedule specifies deadlines for filing reports and paying taxes for each quarter, with specific dates outlined for October, January, April, and July.

Additionally, the bill includes a penalty of ten percent for late filing of reports and tax payments. The effective date for these changes is set for January 1, 2026. The amendments aim to ease the reporting burden on smaller permit holders while ensuring compliance with tax obligations.

Statutes affected:
Introduced: 123.137, 123.184
Enrolled: 123.137, 123.184