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Worksheet to Determine Fee for New Registration on Leased Vehicles for Move-ins tax.iowa.gov 35-051 (12/21/2021) NOTE: This form is to be used only for move-ins. All others complete the worksheet to determine fee for new registration on leased vehicles (Form 35-050). 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. Federal excise taxes attributable to the lease of the vehicle by the owner c. d. Optional service or warranty contract subject to tax under Iowa Code section 423.2(1) d. e. Insurance e. f. Manufacturer’s rebate f. g. Refundable deposit g. h. Any applicable financial charges on the items listed in lines 7a through g h. Total. Add lines 7 a through h 7. 8. Subtract line 7 from line 6 and enter the total here 8. 9. Divide the amount entered on line 8 by line 2 and enter here 9. 10. Enter the number of months remaining on the lease when the vehicle is registered in Iowa 10. 11. Multiply the amount on line 9 by line 10 and enter here. This is the “Lease Price” that is to be entered on the “Application for Certificate of Title and/or Registration”. See the iowadot.gov website for questions on registration 11. 12. Multiply the amount entered on line 11 by 5% to determine the fee for new registration due to the State of Iowa 12. Application of title The “Lease Price” reflected on line 11 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 12 should accompany your “Application for Certificate of Title and/or Registration” form and license fees.