Iowa Grain Tax Return

Grain Tax Return
Grain Tax Return and Instructions, 56068
IOWA

Grain Tax Return
Statement for January 1, 20 ____ thru December 31, 20 _____
This statement must be filed each year with your jurisdiction’s assessor between January 1 and 60
days thereafter. Contact information for all assessors can be found at the Iowa State Association of
Assessors website: (www.iowa-assessors.org).
Applicant Contact Information – Please Print
Name: __________________________________________________________________________
Phone: _________________________ Email:__________________________________________
To the Assessor for (jurisdiction) _________________________________________ , State of Iowa.
List total bushels handled in each column then total at right bushels handled as:

Kinds of grain

All bushels
received into
warehouse

Direct
purchase for
resale

Received for
manufacturing
or processing

Seed stock
received for
processing
treatment and
seed resale

Number of
bushels of
handled

Corn
Corn (Sealed)
Oats
Soy beans
Wheat
Barley
Rye
Popcorn
Seed corn
Flax
All other grain
Total bushels of all seed and grain:_____________
I, the undersigned (for company, if applicable) _______________ engaged in handling grain in the
above named taxing district. I hereby declare under penalty of perjury or false certificate, that I have
examined this return, and, to the best of knowledge and belief, certify that the foregoing is a true and
correct statement of the number of bushels of each kind of grain handled in such district during the
above-mentioned period.
Signature: _______________________________________ Title:___________________________
Company: _______________________________________ Date: __________________________
Computation of tax: Grand total Bushels of All Seed and Grain (from above):__________________
Taxed 1/4 mill per bushel (1/40 of 1 cent per bushel) equals amount of tax imposed: $____________
This amount is due and payable in the same manner as taxes on general property tax.
Tax on grain handled - Iowa Code section 428.35

56-068a (12/17/19)

Grain Tax Return Instructions
1. Definitions. As used in this section:
a) “Grain” means wheat, corn barley, oats, rye, flaxseed, field peas, soybeans, grain sorghums,
spelts, and such other products as are usually stored in grain elevators. Such term excludes such
seeds after being processed, and the products of such processing when packaged or sacked.
b) “Handling or handled” means the receiving of grain at or in each elevator, warehouse, mill,
processing plant, or other facility in this state in which it is received for storage, accumulation, sale,
processing, or for any purpose whatsoever.
c) “Person” means individuals, corporations, forms, and associations of whatever form.
d) “Processing” shall not include hulling, cleaning, drying, grading, or polishing.
2. Tax imposed. An annual excise tax is hereby levied on such handling of grain in the amount provided
in this section. All grain so handled shall be exempt from all taxation as property under the laws of
this state. The amount of such excise tax shall be a sum equal to one-fourth mill per bushel upon all
grain as herein defined in this section that is so handled.
3. Statement filing form. Every person engaged in handling grain shall, on the first day of January of
each year and not later than 60 days thereafter, make and file with the assessor a statement of the
number of bushels of grain handled by the person in that district during the year immediately
preceding, or the part thereof, during which the person was engaged in handling grain. Upon
demand, the assessor shall have the right to inspect all such person’s records thereof. A form for
making the statement shall be included in the blanks prescribed by the Director of the Department
of Revenue. If a statement is not furnished as required in this subsection, section 441.24 shall apply.
4. Assessment. The assessor of each such district, from the statement required or from such other
information as the assessor may acquire, shall ascertain the number of bushels of grain handled by
each person handling grain in the assessor’s district during the preceding year, or part thereof, and
shall assess the amount herein provided to such person under the provisions of this section.
5. Computation of tax. The rate imposed by subsection 2 shall be applied to the number of bushels
of grain so handled, and the computed amount thereof shall constitute the tax to be assessed.
6. Payment of tax. The tax, when determined, shall be entered in the same manner as general property
taxes on the tax list of the taxing district, and the proceeds of the collection of the tax shall be
distributed to the same taxing units and in the same proportion as the general property tax on the
tax list of each taxing district. All provisions of the law relating to the assessment and collection of
property taxes and the powers and duties of the county treasurer, county auditor, and all other
officers with respect to the assessment, collection, and enforcement of property taxes apply to the
assessment, collection, and enforcement of the tax imposed by this section.

56-068b (12/17/19)