Title X, FINANCIAL RESOURCES (Ch. 421 - 454)

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a franchise tax credit. A taxpayer who is a shareholder in a financial institution, as defined in section 581 of the Internal Revenue Code , which has in effect for th…

1. In lieu of the fuel tax refund provided in section 452A.17 , a person or corporation subject to taxation under subchapter II or III of this chapter may elect to receive an income tax credit. The person or corporation which elects to receive an income tax credit shall cancel it…

1. The fuel tax credit may be applied against the income tax liability of the person or corporation as determined on the tax return filed for the year in which the fuel tax was paid. The department shall provide forms for claiming the fuel tax credit. If the fuel tax credit would…

The department shall certify quarterly to the treasurer of state the amount of credit that has been taken against income tax liability since the time of the last certification, for the Iowa fuel tax paid on motor fuel, special fuel and motor fuel used for the purpose of operating…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a new jobs tax credit. An industry which has entered into an agreement under chapter 260E and which has increased its base employment level by at least ten percent wit…

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a workforce housing investment tax credit allowed under section 15.355, subsection 3 . 2014 Acts, ch 1130, §19, 24 – 26 ; 2020 Acts, ch 1062, §94 Referred to in §422.16

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a historic preservation tax credit allowed under chapter 404A . 2000 Acts, ch 1194, §10 ; 2005 Acts, ch 179, §64 ; 2007 Acts, ch 161, §5, 22 ; 2007 Acts, ch 165, §4, 9 ; …

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a beginning farmer tax credit as allowed under chapter 16, subchapter VIII, part 5, subpart B . 2019 Acts, ch 161, §13, 18, 19 ; 2020 Acts, ch 1062, §94 Referred to in §1…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by an investment tax credit authorized pursuant to section 15E.27 for an investment in a qualifying business. 2. The taxes imposed under this subchapter , less the credit…

The tax imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by an endow Iowa tax credit authorized pursuant to section 15E.305 . 2003 Acts, 1st Ex, ch 2, §84, 89 ; 2007 Acts, ch 161, §9, 22 ; 2020 Acts, ch 1062, §94 Referred to in §422…

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by tax credits for wind energy production allowed under chapter 476B and for renewable energy allowed under chapter 476C . 2004 Acts, ch 1175, §404, 418 ; 2005 Acts, ch 160,…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a solar energy system tax credit equal to the sum of the following: a. Sixty percent of the federal residential energy efficient property credit related to solar energ…

1. As used in this section , unless the context otherwise requires: a. “E-85 gasoline” , “ethanol” , “gasoline” , and “retail dealer” mean the same as defined in section 214A.1 . b. “Motor fuel pump” means the same as defined in section 214.1 . c. “Sell” means to sell on a retail…

1. As used in this section , unless the context otherwise requires: a. “Biodiesel blended fuel” , “diesel fuel” , and “retail dealer” mean the same as defined in section 214A.1 . b. “Motor fuel pump” means the same as defined in section 214.1 . c. “Sell” means to sell on a retail…

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a tax credit authorized pursuant to section 15E.66 , if redeemed, for investments in the Iowa fund of funds. 2006 Acts, ch 1158, §20 ; 2007 Acts, ch 161, §18, 22 ; 2020 A…

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a from farm to food donation tax credit as allowed under chapter 190B . 2013 Acts, ch 140, §145, 147 ; 2020 Acts, ch 1062, §94 Referred to in §422.16

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a school tuition organization tax credit equal to seventy-five percent of the amount of the voluntary cash or noncash contributions made by the taxpayer during the tax…

The tax imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a Hoover presidential library tax credit authorized pursuant to section 15E.364 . 2021 Acts, ch 174, §16 ; 2021 Acts, ch 176, §2 Referred to in §422.16

Repealed by 2025 Acts, ch 136, §57, 59 . For preservation of existing rights relating to tax incentives issued, awarded, or allowed before December 31, 2025, see 2025 Acts, ch 136, §58 2025 repeal effective December 31, 2025; 2025 Acts, ch 136, §59

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a redevelopment tax credit allowed under chapter 15, subchapter II, part 9 . 2008 Acts, ch 1173, §8 ; 2009 Acts, ch 41, §124 ; 2020 Acts, ch 1062, §94 Referred to in §422…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a charitable conservation contribution tax credit equal to fifty percent of the fair market value of a qualified real property interest located in the state that is co…

1. As used in this section , unless the context otherwise requires: a. “E-85 gasoline” , “ethanol” , “gasoline” , “retail dealer” , and “retail motor fuel site” mean the same as defined in section 214A.1 . b. “Motor fuel pump” means the same as defined in section 214.1 . c. “Sell…

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by an innovation fund investment tax credit allowed under section 15E.52 . 2011 Acts, ch 130, §41, 47, 71 ; 2020 Acts, ch 1062, §94 Referred to in §422.16

1. As used in this section : a. “Dependent” has the same meaning as provided by the Internal Revenue Code. b. “Emergency medical services personnel member” means an emergency medical care provider, as defined in section 147A.1 , who is certified as a first responder pursuant to c…

1. For purposes of this section , unless the context otherwise requires: a. “Adoption” means the permanent placement in this state of a child by the department of health and human services, by an adoption service provider as defined in section 600A.2 , or by an agency that meets …

1. a. The taxes imposed under this subchapter less the credits allowed under section 422.12 shall be reduced by an earned income credit equal to the following percentage of the federal earned income credit provided in section 32 of the Internal Revenue Code : (1) For the tax year…

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…

1. There shall be allowed no more than four income tax return checkoffs on each income tax return. For tax years beginning on or after January 1, 2017, when the same four income tax return checkoffs have been provided on the income tax return for two consecutive tax years, the tw…

1. A person who files an individual or a joint income tax return with the department of revenue under section 422.13 may designate a contribution to the state fish and game protection fund authorized pursuant to section 456A.16 . 2. This section is subject to repeal under section…

1. A person who files an individual or a joint income tax return with the department of revenue under section 422.13 may designate one dollar or more to be paid to the child abuse prevention program fund created in section 235A.2 . If the refund due on the return or the payment r…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a geothermal heat pump tax credit equal to twenty percent of the federal residential energy efficient property tax credit allowed for geothermal heat pumps provided in…

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31 . 2. An individual may claim the tax credit allowed a partnership, S corporation, limited liabili…

1. For purposes of this section , unless the context otherwise requires: a. “Moving expense” means an unreimbursed expense for moving household goods and personal effects from the former residence of the new resident to this state including travel expenses for meals and lodging. …

The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by a research and development tax credit allowed pursuant to section 15.524 . 2025 Acts, ch 136, §115, 118 Referred to in §422.16 NEW section

1. A resident or nonresident of this state shall make a return, signed in accordance with forms and rules prescribed by the director, if any of the following are applicable: a. The individual is claimed as a dependent on another person’s return and has net income of five thousand…

1. a. A fiduciary subject to taxation under this subchapter , as provided in section 422.6 , shall make a return, signed in accordance with forms and rules prescribed by the director, for the individual, estate, or trust for whom or for which the fiduciary acts, if the taxable in…

1. Every person or corporation being a resident of or having a place of business in this state, including lessees or mortgagors of real or personal property, fiduciaries, employers and all officers and employees of the state or of any political subdivision of the state, or agent …

1. As used in this section , unless the context otherwise requires, “withholding agent” means any individual, fiduciary, estate, trust, corporation, partnership or association in whatever capacity acting and including all officers and employees of the state of Iowa, or any munici…

Upon the completion by a business of its repayment obligation for a training project funded under chapter 260E , including a job training project funded under section 260J.2 or repaid in whole or in part by the supplemental new jobs credit from withholding under section 260J.1 or…

1. As used in this section , unless the context otherwise requires: a. “Nonresident member” means a partner in a partnership as defined in section 422.25A , a shareholder of an S corporation, or a beneficiary of an estate or trust, who is any of the following: (1) An individual w…

1. As used in this section , unless the context otherwise requires: a. “Partnership” means the same as defined in section 422.25A , except a “partnership” does not include a pass-through entity that is a publicly traded partnership as defined in section 7704 of the Internal Reven…

Any nonresident whose Iowa income is not subject to section 422.16, subsection 2 , paragraph “a” , “c” , “d” , or “e” , in whole or in part, and who elects to be governed by section 422.16, subsection 2 , paragraph “b” , to the extent that the nonresident pays the entire amount o…

The tax imposed under this subchapter upon certain income of nonresidents shall apply to all such income actually received by such nonresident regardless of when such income was earned. If the nonresident is reporting on the accrual basis it shall apply to all such income which f…

This chapter shall be known as the “Property Relief Act” , and shall have for its purpose the direct replacement of taxes already levied or to be levied on property to the extent of the net revenue obtained from the taxes imposed herein, which shall be apportioned back to the cre…

1. a. It shall be unlawful for any present or former officer or employee of the state to willfully or recklessly divulge or to make known in any manner whatever not provided by law to any person the amount or source of income, profits, losses, expenditures, or any particular ther…

1. Returns shall be in the form the director prescribes, and shall be filed with the department on or before the last day of the fourth month after the expiration of the tax year. However, cooperative associations as defined in section 6072(d) of the Internal Revenue Code shall f…