Iowa Admin. Code r. 701—260.12(452A) — Reduction of refund—sales and use tax

260.12(1) Generally. Refunds of the fuel tax paid on sales of fuel will be reduced by any applicable sales or use tax. Iowa Code section 423.3(56) and rule 701—218.11(423) provide more information on the exemption from sales or use tax when the fuel tax has been imposed and paid. 260.12(2) Exclusion from reduction of refund. Refunds of the fuel tax paid on sales of fuel used for other exempt purposes under Iowa Code chapter 423 and fuel lost through casualty will not be reduced by the applicable sales or use tax. 260.12(3) Applicable sale price. The sales price upon which the sales and use tax will be applied shall include all federal excise taxes but will not include the Iowa fuel tax.