Legislation HB 638 transitioning Iowa from a monthly reporting state to a semiannual reporting state became effective on July 1, 2015. The semiannual reporting periods are based on the calendar year. Direct-to-consumer licensees are required to pay the amount of excise tax due and make a report of total gallons of wine sold and shipped to Iowa consumers during the first half of the year (Jan. 1 – June 30) on or before July 10 and pay excise tax and report shipments made during the second half of the year (July 1 – Dec. 31) on or before Jan.10. Having the reporting schedule follow the calendar year, rather than the dates (June 10 and Dec. 10) referenced in HB 638, should make it easier for wineries to track the exact amount of wine shipped to Iowa consumers during each reporting period.
Wineries currently licensed to ship to Iowa consumers are to file their final monthly report, covering shipments made to Iowa consumers in June 2015, no later than July 10, 2015. The first semiannual report, covering shipments made to Iowa consumers during the period of July 1, 2015 – Dec. 31, 2015, will be due on or before Jan. 10, 2016.