Iowa legislation · 91st General Assembly
Iowa HF566: A BILL FOR An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions
Status: In committee, February 24, 2025
An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions.
What the bill says
A bill FOR An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions.
From the introduced text, February 24, 2025:
A BILL FOR An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2504YH (3) jm/jh H.F. Section 1. Section 421.27, subsection 9, paragraph a, subparagraph (3), Code 2025, is amended to read as follows: (3) In the case of all other entities, including corporations described in section 422.36, subsection 5, and all other entities required to file an information return under section 422.15, subsection 2, the entity's Iowa net income after the application of the Iowa business activity ratio, if applicable, multiplied by the highest income tax rate imposed under section 422.5 for the tax year, less any Iowa tax credits available to the entity. Sec. 2. Section 422.5, subsection 1, paragraph a, Code 2025, is amended to read as follows: a. A tax is imposed upon every resident and nonresident of the state which tax shall be levied, collected, and paid annually upon and with respect to the entire taxable income as defined in this subchapter at a rate of three and eight-tenths percent. the following rates: (1) In the case of married persons filing jointly with five or more dependents under the age of eighteen, zero percent. …
Sponsors
- Skyler Wheeler (R, 4) · primary sponsor
Latest actions
- : Introduced, referred to Ways and Means. H.J. 415 .
Subjects: income taxes, marriage, tax credits
Common questions
- What is HF566?
- HF566 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions.
- What does HF566 do?
- In its own words: A bill FOR An Act modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions.
- What is the status of HF566?
- In committee as of February 24, 2025. Latest action: Introduced, referred to Ways and Means. H.J. 415 . (February 24, 2025).
- Who sponsored HF566?
- Skyler Wheeler (R, 4).
- Where is the official record for HF566?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0566&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.