Form 57-122 Industrial Property Tax Exemption - Iowa

What Is Form 57-122?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 57-122?
A: Form 57-122 is the Industrial Property Tax Exemption form in Iowa.

Q: What is the purpose of Form 57-122?
A: The purpose of Form 57-122 is to apply for an exemption from property taxes for industrial property in Iowa.

Q: Who can use Form 57-122?
A: Any individual or business that owns industrial property in Iowa can use Form 57-122.

Q: What qualifies as industrial property?
A: Industrial property includes machinery, equipment, furnishings, and other property used in the manufacturing or processing of goods.

Q: How do I complete Form 57-122?
A: You need to provide details about the industrial property, its value, and the intended use. You also need to include supporting documentation.

Q: Is there a deadline to submit Form 57-122?
A: Yes, Form 57-122 must be submitted by February 1st of each year.

Q: Are there any fees associated with Form 57-122?
A: There is no fee to file Form 57-122.

Q: How long does the exemption last?
A: The exemption lasts for a period of five years, but you can reapply for an extension.