Proyectos de ley › 88.ª Asamblea General
Providing for the future repeal of certain tax credits
Dónde está ahora
- Hecho: Presentado17 de enero de 2019
- Hecho: Subcomité22 de enero de 2019
- Se detuvo: Comité de la CámaraMurió al terminar la Asamblea General
- Sigue: Lo aprueba la Cámara
- Sigue: Comité del Senado
- Sigue: Lo aprueba el Senado
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2020 terminó el 14 de junio de 2020, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.
This bill provides for the future repeal of certain existing state income tax credits, and provides for the future repeal of tax credits enacted by the general assembly in the future. DIVISION I —— FUTURE REPEAL OF EXISTING TAX CREDITS. Division I repeals on January 1, 2025, the following tax credits that currently have no repeal date: the accelerated career education program job tax credit; the agricultural assets transfer tax credit; the assistive device corporate tax credit; the sales and use tax refund, corporate tax credit for certain sales taxes paid by third-party developers, investment tax credit, insurance premiums tax credit, and supplemental research activities tax credit available under the high quality jobs program; the redevelopment tax credits; the school tuition organization tax credit; the solar energy system tax credit; the innovation fund investment tax credit; the tax credit for investments in a qualifying business; the wind energy production tax credit; the charitable conservation contribution tax credit; the new jobs credits from withholding available under the Iowa industrial new job training program; the research activities credits; the renewable energy tax credit; and the targeted jobs withholding tax credit.
Lea la explicación completa
The bill amends the repeal date of the renewable chemical production tax credit from July 1, 2030, to January 1, 2025. The bill provides that the repeal of a tax credit shall not affect tax credits issued, awarded, or allowed prior to January 1, 2025, or affect a taxpayer’s ability to claim or redeem such tax credits, including but not limited to any tax credit carryforward amount, and further provides that the bill shall not constitute grounds for rescission or modification of agreements entered into for a tax credit, and that such agreements shall remain in effect until they expire under their own terms and shall be governed by the applicable provisions of law as they existed immediately prior to January 1, 2025.16 for submission to the legislative services agency to implement the repeal of the tax credits. DIVISION II —— FUTURE REPEAL OF FUTURE TAX CREDIT PROGRAMS. Division II provides that any tax credit program available against the individual or corporate income tax, the franchise tax, the insurance premiums tax, or the moneys and credits tax, enacted by the general assembly on or after January 1, 2020, is repealed after five years, unless another provision of law provides for an earlier repeal date. The bill provides that the repeal of a tax credit program pursuant to this provision shall not affect the tax credits or tax credit agreements entered into prior to the repeal of the tax credit program in the same manner as described above for the repeal of the existing tax credits.
House subcommittee
Named January 21, 2020. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Lo que cambia del Código de Iowa (Iowa Code)
Crea§15.293C§15.337§15E.47§422.3A§476B.11§476C.8
Modifica§15.322§15A.7§15E.52§16.80§260E.5§260G.4A§403.19A§422.10§422.10B§422.11L§422.11S§422.11W§422.33
Cabildeo
1 a favor · 10 en contra · 20 indecisos · Quiénes →
Family tree
88th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title.
Similar bills
- HF 36 Providing for the future repeal of certain tax credits89th General Assembly · In committeeNearly identical
- HF 625 Providing for the future repeal of tax credits91st General Assembly · In committeeVery similar
- HF 2342 Providing for the future repeal of tax credits91st General Assembly · In committeeSimilar
Matched by wording or an identical title.