88th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HSB 708: HSB 708
Died when the session ended · The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
_____ the explanation’s substance by the members of the general assembly. This bill relates to the treatment of certain income as a foreign dividend for Iowa corporate income tax purposes, and modifies the business expense deduction for Iowa individual and corporate tax purposes. FOREIGN DIVIDEND INCOME. Federal law includes in a taxpayer’s gross income global intangible low-taxed income (GILTI) as defined in section 951A of the Internal Revenue Code, subject to a deduction equal to percent of the corporation’s GILTI under section 250(a)(1)(B) of the Internal Revenue Code.
Sponsors
Not listed
Cost
No fiscal note
House subcommittee · named March 4, 2020
- Rep. Gary L. Carlson (R)
- Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
- Rep. Dave Jacoby (D) · david.jacoby@legis.iowa.gov
Lobbying · 11 for, 0 against
For: AIG-American International Companies; Ames Chamber of Commerce; Anheuser Busch; BNSF Railway Co.; Bayer U.S. LLC; Deere & Company; Helena Agri-Enterprises, LLC; Iowa Chamber Alliance; Lumen; MidAmerican Energy Company; Union Pacific Railroad
In plain words
- March 4, 2020House subcommittee named: Carlson, Bloomingdale and Jacoby
- March 11, 2020Subcommittee recommended passing it with changes
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/88/HSB708