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Worksheet to Determine Fee for New Registration on Leased Vehicles tax.iowa.gov 35-050 (09/10/2021) NOTE: Move-Ins do not use this form. Please complete the worksheet to determine fee for new registration on leased vehicles for move-ins (Form 35-051). 1. Enter the lease payment to be paid by the lessee. 1. 2. Enter the total number of months in the term of the lease. 2. 3. Multiply line 1 by line 2 to determine the total base lease payments. 3. 4. Enter total up-front fees (not capitalized) that are paid by the lessee. 4. 5. Enter the amount of any capitalized cost reduction (Examples: cash, trade-in value, rebates) 5. 6. Add lines 3, 4, and 5 and enter total here. 6. 7. List the cost of each of the following items if these items were included in line 6 above: a. Title fees a. b. Registration fees b. c. fee for new registration on leased vehicles 1. Multiply line 6 by .05 c1. 2. Divide the amount on line c1 by 1.05 c. d. Federal excise taxes attributable to the lease of the vehicle by the owner d. e. Optional service or warranty contract subject to tax under Iowa Code section 423.2(1) e. f. Insurance f. g. Manufacturer’s rebate g. h. Refundable deposit h. i. Any applicable financial charges on the items listed in lines 7a through h i. Total. Add lines 7 a through i 7. 8. Subtract line 7 from line 6 and enter the total here. This is the “Lease Price” that is to be entered on the “Application for Certificate of Title and/or Registration” form. See the iowadot.gov website for questions on registration 8. 9. Multiply the amount entered on line 8 by 5% to determine the fee due for new registration to the State of Iowa. NOTE: Line 7c and line 9 may vary; this is acceptable 9. Application of title The “Lease Price” reflected on line 8 should be listed on the “Application for Certificate of Title and/or Registration” form to the left of the area designated for the “Signature of Owner A check to the county treasurer in the amount indicated in line 9 should accompany your “Application for Certificate of Title and/or Registration” form and license fees.