Iowa legislation · 91st General Assembly
Iowa HF965: A BILL FOR An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions
Status: In committee, April 17, 2025
An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions.
What the bill says
A bill FOR An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions.
From the introduced text, March 17, 2025:
A BILL FOR An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1903YH (5) jm/jh H.F. Section 1. Section 422.12A, subsection 2, Code 2025, is amended to read as follows: 2. The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by an adoption tax credit equal to the amount of qualified adoption expenses paid or incurred by the taxpayer in connection with the adoption of a child by the taxpayer, not to exceed five twenty thousand dollars per adoption. Sec. 2. EFFECTIVE DATE. This Act, being deemed of immediate importance, takes effect upon enactment. Sec. 3. RETROACTIVE APPLICABILITY. This Act applies retroactively to January 1, 2024, for tax years beginning on or after that date if the adoption becomes final on or after that date. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. This bill relates to the adoption tax credit available against the individual income tax. Currently, the tax credit equals up to $5,000 of qualified adoption expenses per adoption. The bill increases the tax credit to equal up to $20,000 of qualified …
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- : Withdrawn.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. 1219 .
- : Committee report approving bill, renumbered as HF 1026 .
- : Committee vote: Yeas, 24. Nays, 0. Excused, 1. H.J. 991 .
- : Committee report, recommending passage. H.J. 991 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 04/09/2025 8:45AM House Lounge 2.
- : Subcommittee: Boden, Judge and Wills, J. H.J. 918 .
- : Introduced, referred to Ways and Means. H.J. 662 .
Votes
- Committee report, recommending passage. H.J. 991 . (April 16, 2025): 24 yea, 0 nay, passed
Subjects: income taxes, adoptions, tax credits
Common questions
- What is HF965?
- HF965 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions.
- What does HF965 do?
- In its own words: A bill FOR An Act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions.
- What is the status of HF965?
- In committee as of April 17, 2025. Latest action: Withdrawn. H.J. 1219 . (May 14, 2025).
- Who sponsored HF965?
- Pat Grassley (R, 57), with 11 co-sponsors.
- Where is the official record for HF965?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0965&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.