House File 2643 amends various sections of the Iowa Code related to retail dealers and their reporting requirements for motor fuel sales. The bill introduces new subparagraphs in sections 422.11O, 422.11P, and 422.11Y, which stipulate that retail dealers must timely file a report as required under section 452A.33 for the latest determination period ending on or before the last day of their tax year. Additionally, a new paragraph is added to section 452A.33, requiring reports to distinguish between sales from permanent and mobile locations.

The bill also modifies the filing deadlines and procedures for these reports. It establishes that retail dealers must file their reports annually by February 10, with the possibility of an extension to February 28, and further extensions may be granted under certain circumstances. A civil penalty of up to $100 may be imposed for late filings, and failure to file timely reports will render dealers ineligible for certain tax credits. Furthermore, the department is required to notify dealers who miss the February 10 deadline about their potential ineligibility for tax credits unless they apply for an extension.

Statutes affected:
Introduced: 422.11O, 452A.33
Reprinted: 422.11O, 452A.33
Enrolled: 422.11O, 452A.33