Iowa legislation · 91st General Assembly
Iowa HF962: A BILL FOR An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions
Status: In committee, April 17, 2025
An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions.
What the bill says
A bill FOR An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions.
From the introduced text, March 17, 2025:
A BILL FOR An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1908YH (4) jm/jh H.F. Section 1. Section 422.12C, subsection 1, Code 2025, is amended to read as follows: 1. The taxes imposed under this subchapter, less the amounts of nonrefundable credits allowed under this subchapter, shall be reduced by a child and dependent care credit equal to the following percentages of the federal child and dependent care credit provided in section 21 of the Internal Revenue Code, without regard to whether or not the federal credit was limited by the taxpayer's federal tax liability: a. For a taxpayer with net income of less than ten thousand dollars, seventy-five percent. b. For a taxpayer with net income of ten thousand dollars or more but less than twenty thousand dollars, sixty-five percent. c. For a taxpayer with net income of twenty thousand dollars or more but less than twenty-five thousand dollars, fifty-five percent. d. For a taxpayer with net income of twenty-five thousand dollars or more but less than thirty-five thousand dollars, fifty percent. e. For a taxpayer with net income of thirty-five thousand dollars or more but less than forty thousand dollars, forty percent. f. …
Sponsors
- Pat Grassley (R, 57) · primary sponsor
- Eddie Andrews (R, 43)
- Derek Wulf (R, 76)
- Taylor Collins (R, 95)
- McCulla, Kniff
- Matthew Rinker (R, 99)
- Hans Wilz (R, 25)
- Brooke Boden (R, 21)
- Mike Vondran (R, 94)
- Joshua Meggers (R, 54)
- Devon Wood (R, 17)
- Chad Ingels (R, 68)
Latest actions
- : Withdrawn. H.J. 1073 .
- : Committee report approving bill, renumbered as HF 1020 .
- : Committee vote: Yeas, 24. Nays, 0. Excused, 1. H.J. 991 .
- : Committee report, recommending passage. H.J. 990 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 04/09/2025 8:30AM House Lounge.
- : Subcommittee: Jones, Bloomingdale and James. H.J. 918 .
- : Introduced, referred to Ways and Means. H.J. 661 .
Votes
- Committee report, recommending passage. H.J. 990 . (April 16, 2025): 24 yea, 0 nay, passed
Subjects: income taxes, tax credits, children, dependent persons
Common questions
- What is HF962?
- HF962 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions.
- What does HF962 do?
- In its own words: A bill FOR An Act modifying the child and dependent care credit available against the individual income tax, and including retroactive applicability provisions.
- What is the status of HF962?
- In committee as of April 17, 2025. Latest action: Withdrawn. H.J. 1073 . (April 28, 2025).
- Who sponsored HF962?
- Pat Grassley (R, 57), with 11 co-sponsors.
- Where is the official record for HF962?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0962&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.