Form 54-064 Pollution Control and Recycling Property Tax Exemption - Iowa

What Is Form 54-064?

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 54-064?
A: Form 54-064 is a form used to apply for a pollution control and recycling property tax exemption in Iowa.

Q: What is the purpose of the pollution control and recycling property tax exemption?
A: The purpose of the exemption is to encourage pollution control and recycling activities by providing a tax exemption on the property used for such activities.

Q: Who is eligible for the tax exemption?
A: Eligible entities include companies engaged in pollution control or recycling activities, as well as certain utilities and local governments.

Q: What types of property are eligible for the exemption?
A: Property used for pollution control or recycling activities, such as equipment, facilities, and land, may be eligible for the exemption.

Q: How do I apply for the tax exemption?
A: To apply for the exemption, you need to complete Form 54-064 and submit it to the Iowa Department of Revenue.

Q: Are there any deadlines for applying?
A: Yes, the deadline for applying is March 15th of the year following the assessment year for which the exemption is sought.

Q: What documentation do I need to include with the application?
A: You may need to provide supporting documentation, such as a description of the property, a pollution control plan, financial statements, and other relevant information.

Q: How long does the tax exemption last?
A: The exemption is granted for a period of ten years, and it may be renewed for additional ten-year periods if the property continues to meet the eligibility criteria.

Q: Can the tax exemption be transferred to a new owner?
A: Yes, the exemption can be transferred to a new owner if the property is sold or transferred.