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IOWA FURTHER EXTENDS TAX DEADLINES FOR DISASTER AREAS, EXCEPT FOR HUMANS.

June 28, 2008

See June 30 Update Below.

The Iowa Department of Revenue yesterday further extended the deadlines for taxpayers in the flood disaster areas to file returns and make payments. Now taxpayers in presidentially-declared flood disaster areas get until July 28, 2008 to file returns and pay taxes otherwise due between May 25 and July 23. Until yesterday the relief only applied to returns and payments due up to June 26.

The extension applies to these taxes:

* Withholding tax
* Corporation income tax
* Franchise tax
* Sales and use tax, including the automobile rental excise tax and the special equipment tax
* Hotel and motel tax
* Environmental protection charge
* Inheritance tax, including the generation skipping transfer tax and the qualified use inheritance tax
* Motor fuel and special fuel tax
* Cigarette and tobacco tax

What's missing? Just individual income taxes. If you have a second quarter individual tax payment, it's still due this coming Monday. Even if your home, your office, or your tax preparer's office looked like this two weeks ago:

It's good that Iowa made their disaster relief more like federal disaster relief - even better in a way, as Iowa provides better relief for employment taxes. Still, not providing relief for individual tax payments is strange and lame.

UPDATE, 6/30: IOWA EXTENDS FLOOD RELIEF TO INDIVIDUAL TAX PAYMENTS. This means disaster-area taxpayers now have until July 28 to file their second quarter payments, in case you haven't yet made it to the post office.

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