164 chapters · 3,415 sections in this title.
Iowa Code § 541A.1 Definitions.
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For the purposes of this chapter , unless the context otherwise requires: 1. “Account holder” means an individual who is the owner of an individual development account. 2. “Charitable contributor” means a nonprofit association described in section 501(c)(3) of the Internal Revenu…
Iowa Code § 541A.2 Individual development accounts.
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A financial instrument known as an individual development account is established. An individual development account shall have all of the following characteristics: 1. a. To be eligible to open an account, a prospective account holder must have a household income that is equal to…
Iowa Code § 541A.3 Individual development accounts — state savings match and tax provisions.
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All of the following state savings match and tax provisions shall apply to an individual development account: 1. a. Payment by the state of a state savings match on amounts of up to two thousand dollars that an account holder deposits in the account holder’s account. b. Moneys tr…
Iowa Code § 541A.5 Rules.
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1. The department, in consultation with the department of administrative services, shall adopt administrative rules to administer this chapter . 2. a. The rules adopted by the department shall include but are not limited to provision for transfer of an individual development acco…