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IAC Ch 42, p.1 70142.36 (16,422) Agricultural assets transfer tax credit and custom farming contract tax credit. 42.36(1) Agricultural assets transfer tax credit. For tax years beginning on or after

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What is agricultural assets transfer tax?

Agricultural assets transfer tax is a tax imposed on the transfer of agricultural assets from one party to another.

Who is required to file agricultural assets transfer tax?

Anyone involved in the transfer of agricultural assets may be required to file agricultural assets transfer tax.

How to fill out agricultural assets transfer tax?

To fill out agricultural assets transfer tax, you will need to provide information about the transfer of agricultural assets and calculate the appropriate tax amount based on the value of the assets.

What is the purpose of agricultural assets transfer tax?

The purpose of agricultural assets transfer tax is to generate revenue for the government and regulate the transfer of agricultural assets.

What information must be reported on agricultural assets transfer tax?

Information such as the value of the agricultural assets being transferred, the parties involved in the transfer, and any relevant exemptions or deductions must be reported on agricultural assets transfer tax.

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