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

The director of revenue shall prescribe the form of the declaration of value and shall include an appropriate place for the inclusion of special facts and circumstances relating to the actual sales price in real estate transfers. The director shall provide an adequate number of t…

1. a. On or before the tenth day of each month the county recorder shall determine and remit to the department of revenue eighty-two and three-fourths percent of the receipts from the real estate transfer tax collected during the preceding month and the department of revenue shal…

To receive a refund from the state, the taxpayer shall petition the state appeal board for a refund of the amount of overpayment of the tax remitted to the department of revenue. To receive a refund from the county, the taxpayer shall petition the board of supervisors for a refun…

The department of revenue shall, at the time of making the assessment of property as provided in chapters 428 , 434 , 437 , and 438 , inform the person assessed, by mail, of the valuation put upon the taxpayer’s property. The notice shall contain a notice of the taxpayer’s right …

1. The taxpayer shall have thirty days from the date of the notice of assessment to appeal the assessment to the director of revenue. Thereafter, the proceedings before the director of revenue shall conform to the provisions of subsection 2 and chapter 17A . 2. The following rule…

Judicial review of the action of the director of revenue may be sought by the taxpayer in accordance with the terms of chapter 17A . [C31, 35, §6982-d4; C39, § 6982.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, §428.31; C81, §429.3 ] 94 Acts, ch 1133, §10, 16 ; 2003 Acts, ch 14…

Every insurance company or association of whatever kind or character, not including fraternal beneficiary associations, and nonprofit hospital and medical service corporations, shall, as required by law, pay to the director of the department of revenue, or to a depository designa…

The commissioner of insurance shall determine whether or not the tax remitted is correct. If the tax remitted is not sufficient, the commissioner shall notify the delinquent company of the amount of such delinquency and certify the amount thereof to the department of revenue whic…

The taxes imposed under this chapter shall be reduced by a historic preservation tax credit allowed under chapter 404A . 2002 Acts, ch 1003, §4, 5 ; 2007 Acts, ch 165, §7, 9 ; 2014 Acts, ch 1118, §11, 12 ; 2015 Acts, ch 30, §122 ; 2017 Acts, ch 29, §124

1. The tax imposed under this chapter 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 chapter shall be reduced by investment tax credits authorized pursuant to sections …

The tax imposed under this chapter shall be reduced by an endow Iowa tax credit authorized pursuant to section 15E.305 . 2003 Acts, 1st Ex, ch 2, §87, 89

The taxes imposed under this chapter 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, §407, 418 ; 2005 Acts, ch 160, §5, 14

The taxes imposed under this chapter shall be reduced by a workforce housing investment tax credit allowed under section 15.355, subsection 3 . 2014 Acts, ch 1130, §22, 24 – 26

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 chapter 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, §62

The taxes imposed under this chapter shall be reduced by a redevelopment tax credit allowed under chapter 15, subchapter II, part 9 . 2008 Acts, ch 1173, §11 ; 2009 Acts, ch 41, §129

The taxes imposed under this chapter shall be reduced by an innovation fund investment tax credit allowed under section 15E.52 . 2011 Acts, ch 130, §44, 47, 71

The taxes imposed under this chapter shall be reduced by a Hoover presidential library tax credit allowed under section 15E.364 . 2021 Acts, ch 176, §5

1. The taxes imposed under this chapter shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31 . 2. This section is repealed January 1, 2031. 2022 Acts, ch 1148, §26, 28 ; 2025 Acts, ch 136, §85 Section applies to tax years beginning on or after…

1. Premiums collected by participating insurers under chapter 514I are exempt from premium tax. 2. Premiums received for benefits acquired on behalf of state employees by the department of administrative services pursuant to section 8A.402, subsection 1 , and by the state board o…

Within five years after the tax return is filed or within five years after the tax return became due, whichever is later, the commissioner of insurance shall examine the return and determine the tax. An assessment or a claim for credit must be made within five calendar years afte…

1. a. Each captive company under chapter 521J shall pay on or before March 1 of each year a tax on the direct premiums collected or contracted for on policies or contracts of insurance written by the captive company during the immediately preceding calendar year, after deducting …

1. Pursuant to section 514B.31, subsection 3 , a health maintenance organization contracting with the department of health and human services to administer the medical assistance program under chapter 249A , shall pay as taxes to the director of the department of revenue for depo…

Notwithstanding section 432.1 , a hospital service corporation, medical service corporation, pharmaceutical service corporation, optometric service corporation, and any other service corporation operating under chapter 514 shall pay as taxes to the director of revenue an amount e…

At the time of filing the annual tax return and the final payment of said taxes, said companies and associations shall take duplicate receipts therefor, one of which shall be filed with the commissioner of insurance, and upon filing of said receipt, and not until then, the commis…

No deduction or exemption from the taxes herein provided shall be allowed for or on account of any indebtedness owing by any such insurance company or association; provided, however, that companies doing a fire insurance business may deduct from the gross amount of premiums recei…

A risk retention group organized and operating pursuant to Pub. L. No. 99-563, also known as the Risk Retention Amendments of 1986, shall pay as taxes to the director of revenue an amount equal to the applicable percent, as provided in section 432.1, subsection 4 , of the gross a…

Every insurance corporation or association organized under the laws of this state, not including corporations with capital stock, county mutuals, and fraternal beneficiary associations, which county mutuals and fraternal beneficiary associations are not organized for pecuniary pr…

The assessor shall, upon the receipt of the statements, and from other information acquired by the assessor, assess against every corporation or association referred to in section 432.6 , the actual value of each parcel of real estate situated in the assessment district of the as…

In ascertaining the indebtedness or liability of such corporation, company, or association, a debt shall be deemed to exist on account of its liability on the policies, certificates or other contracts of insurance issued by it equal to the amount of the surplus or other funds acc…

Every insurer authorized to do the business of selling marine insurance in this state, as authorized in section 515.48 , shall, with respect to all insurance written within this state upon hulls, freights, or disbursements, or upon goods, wares, merchandise and all other personal…

The underwriting profit on such insurance written within this state shall be that proportion of the total underwriting profit of such insurer from such insurance written within the United States which the amount of net premiums of such insurer from such insurance written within t…

The underwriting profit of such insurer on such insurance written within the United States shall be determined by deducting from the net earned premiums on such ocean marine insurance written within the United States during the taxable year which is the calendar year preceding th…

In determining the amount of the tax imposed by this chapter , net earned premiums on ocean marine insurance contracts written within the United States during the taxable year shall be arrived at by deducting from gross premiums written on such contracts during the taxable year a…

In determining the amount of the tax imposed by this chapter , net expenses incurred shall be determined as the sum of the following: 1. Specific expenses incurred on such ocean marine insurance business, consisting of all commissions, agency expenses, taxes, licenses, fees, loss…

In determining the amount of the tax imposed by this chapter , the taxable underwriting profit of such insurer on such ocean marine insurance business written within this state, shall be ascertained as follows: 1. In the case of every such insurer which has written any such busin…

The tax imposed by this chapter shall be paid annually, on or before the first day of June, by every insurer authorized to do the business of marine insurance in this state during any one or more of the preceding three calendar years, and the calendar year next preceding such Jun…

Every insurer liable to pay the tax shall, on or before June 1 of each year, file with the commissioner of insurance a tax return in accordance with or upon forms prescribed by the commissioner of insurance. The tax shown to be due, if any, shall be paid to the director of revenu…

The tax imposed by this chapter shall be paid upon the marine underwriting profits, if any, upon all marine insurance business written in this state each calendar year. The tax on gross premiums under section 432.1 shall not be levied on marine insurance premiums reportable in a …

As used in this chapter , unless the context otherwise requires, “book” , “list” , “record” , or “schedule” kept by a county auditor, assessor, treasurer, recorder, sheriff, or other county officer means the county system as defined in section 445.1 . 2000 Acts, ch 1148, §1

The reports provided for in sections 434.7 through 434.9 are not in lieu of, but in addition to, the reports provided for by law, and they shall be made at the time and as a part of the reports already required. [S13, §1340-d; C24, 27, 31, 35, 39, § 7055; C46, 50, 54, 58, 62, 66,…

The rules, regulations, method, and requirements herein provided to be made by the director of revenue shall be made and communicated in writing or print to the said several railway companies and shall be and become binding upon said railway companies as provided in chapter 17A ,…

If any railway company shall fail or refuse to obey or conform to the rules, regulations, method, and requirements so made or prescribed by the director of revenue under the provisions of sections 434.7 through 434.11 or to make the reports therein provided, the department of rev…

There shall not be included in said operating expenses any payments for interest or discount, or construction of new tracks, except needed sidings, for raising or lowering tracks above or below crossings at grade in cities, for new equipment except replacements, for reducing any …

The department of revenue may demand, in writing, detailed, explanatory, and amended statements of any of the items mentioned in section 434.2 , or any other items deemed by the department important, to be furnished the department by such railway corporation within thirty days fr…

1. The said property shall be valued at its actual value, and the assessments shall be made upon the taxable value of the entire railway within the state, except as otherwise provided, and the actual value so ascertained shall be assessed as provided by section 441.21 , and shall…