Details for interstate-only cigarette storage

Section 453A.15(5) describes a person selling cigarettes only in interstate commerce who has been permitted, by furnishing the required bond, to store them in Iowa without stamps. Obtain Revenue's actual storage authorization; the catalog caption alone is not permission to possess unstamped stock.

The current interstate provision in section 453A.14(2) lets the Director fix the sum subject to a $1,000 statutory minimum. Use Revenue's assigned amount and approved instrument rather than treating that floor as the amount for every storage arrangement.

Current rule 701—230.4 requires the relevant security to be payable to Iowa and approved by the Director; a surety must be licensed in the state. Ask for the actual accepted period and execution directions. Do not assume a manufacturer or distributing-agent bond carries the same sum merely because it also concerns interstate cigarettes.

Keep the prescribed transaction evidence and three-year records under section 453A.15, including the storage arrangement's required records and reports. Reports required under the cigarette subchapter are filed electronically. Revenue can request additional information about cigarette purchases, sales, use and stamps.

If existing security becomes insufficient or its surety unsatisfactory, section 453A.14 allows a demand for additional or new security and a ten-day response. That is not a voluntary cancellation notice. Resolve any proposed release or change in activity with Revenue before relying on unstamped storage.

Purchase Now opens Propeller's Iowa interstate-storage application in a new tab. Match the actual interstate-only business, storage arrangement, assigned sum and accepted dates, then complete Revenue's authorization and security filing. Provider payment does not authorize Iowa retail or first-sale activity.