The Iowa Department of Revenue will present a no-cost webinar on June 6 at 1 p.m., to help Iowans understand and prepare for the state's Water Service Excise Tax (WET).

Earlier this year, the Iowa legislature passed a new law, SF 512, effective July 1, 2018, which creates the tax.  Prior to the enactment of this law, the sale of water was subject to the 6% state sales tax. The WET exempts the sale of water service from state sales tax, but imposes a 6% excise tax on the sale of water service. This webinar will cover all of the basics of the tax, how to register for a WET permit, when to file returns and deposits, and common Q&A's.  

For more details or to register, please visit http://www.iasourcelink.com/resources/business-webinars/iowa-tax-webinars.

The Iowa Department of Revenue has partnered with the Center for Business Growth and Innovation at the University of Northern Iowa to provide free tax webinars on IASourceLink. The presenters for this webinar are:

• Joe Fraioli, Attorney, Iowa Department of Revenue
• Marsha Peterson, Tax Management Division, Iowa Department of Revenue