Iowa legislation · 91st General Assembly
Iowa HF2482: A BILL FOR An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions
Status: In committee, February 16, 2026
An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.
What the bill says
A bill FOR An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.
From the introduced text, February 16, 2026:
A BILL FOR An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 6171YH (1) jm/jh H.F. 2482 Section 1. Section 11.6, subsection 2, Code 2026, is amended to read as follows: 2. a. A governmental subdivision contracting with certified public accountants shall do so in a reasonable manner on the basis of competence and qualification for the services required and for a fair and reasonable price utilizing procedures which include a written request for proposals. b. Income received by a certified public accountant performing an audit or examination of a governmental subdivision pursuant to this section shall be exempt from taxation under section 422.7 or 422.33, as applicable. Sec. 2. Section 422.7, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION. 46. Subtract, to the extent included, income received by a certified public accountant performing an audit or examination of a governmental subdivision pursuant to section 11.6. Sec. 3. Section 422.35, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION. 14. Subtract, to the extent included, income received by a certified public accountant performing an audit or examination of a governmental subdivision pursuant …
Sponsors
- Elizabeth Wilson (D, 73) · primary sponsor
Latest actions
- : Introduced, referred to Ways and Means. H.J. 296 .
Subjects: income, city government, income taxes, audits, corporate taxes, tax exemptions, departments of state government, taxation
Common questions
- What is HF2482?
- HF2482 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.
- What does HF2482 do?
- In its own words: A bill FOR An Act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.
- What is the status of HF2482?
- In committee as of February 16, 2026. Latest action: Introduced, referred to Ways and Means. H.J. 296 . (February 16, 2026).
- Who sponsored HF2482?
- Elizabeth Wilson (D, 73).
- Where is the official record for HF2482?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2482&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.