1. At the time of sale, the first purchaser shall sign and deliver to the producer separate invoices for each purchase. The invoices shall show:

 a. The name and address of the producer and the seller, if different from the producer.
 b. The name and address of the first purchaser.
 c. The pounds of wool or head of sheep sold.
 d. The date of the purchase.
 e. The rate of withholding and the total amount of the assessment withheld.

Terms Used In Iowa Code 182.15

  • Assessment: means an excise tax on the sale of sheep or wool as provided in this chapter. See Iowa Code 182.1
  • First purchaser: means a person who purchases sheep or wool from a producer. See Iowa Code 182.1
  • Producer: means a person who is actively engaged within this state in the business of producing or marketing sheep or wool and who receives income from the production of sheep or wool. See Iowa Code 182.1
  • Seller: means a person who sells grain which the person has produced or caused to be produced to a licensed grain dealer, but excludes a person who executes a credit-sale contract as a seller as provided in section 203. See Iowa Code 203D.1
  • Sheep: means an animal of the ovine species, regardless of age, produced or marketed in this state. See Iowa Code 182.1
  • sold: means a transaction in which the property in or to sheep or wool is transferred from the producer to a first purchaser for full or partial consideration. See Iowa Code 182.1
  • Wool: means the natural fiber produced by sheep. See Iowa Code 182.1
 2. Invoices shall be legibly written and shall not be altered.