Proyectos de ley › 88.ª Asamblea General
Relating to the increased expensing allowance deduction by corporations, financial institutions, and partnerships and limited liability companies taxed as corporations, and including effective date and retroactive applicability provisions. Effective 3-15-19
Presentado por el comité Ways and Means del Senado
Temas:Taxes
La misma legislación: SSB 1098
Dónde está ahora
- Hecho: Presentado7 de febrero de 2019
- Se saltó: SubcomitéSe saltó
- Hecho: Comité del Senado7 de febrero de 2019
- Hecho: Lo aprueba el Senado18 de febrero de 201948–0
- Hecho: Comité de la Cámara28 de febrero de 2019
- Hecho: Lo aprueba la Cámara11 de marzo de 201987–7
- Hecho: A gobernador(a)13 de marzo de 2019
- Hecho: Firmado como ley15 de marzo de 2019
Firmado como ley ¿Qué es el embudo (funnel)?
Qué contiene
La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.
This bill relates to the increased expensing allowance deduction (section 179 of the Internal Revenue Code) when computing net income by corporations, financial institutions, and partnerships and limited liability companies taxed as corporations. The bill expands the increased expensing allowance deduction on section 179 property available for individual state income tax purposes to include corporations, financial institutions, and partnerships and limited liability companies taxed as corporations.
Lea la explicación completa
The bill allows such a corporation, financial institution, partnership, and limited liability company, in tax year 2018, to qualify for the increased expensing allowance deduction on section 179 property for purposes of computing net income, but limits the maximum deduction and investment limitation to $70,000 and $280,000, respectively. Currently, for tax year 2018, the maximum expensing allowance deduction and investment limitations on section 179 property for such entities is limited to $25,000 and $200,000, respectively. The bill takes effect upon enactment, and applies retroactively to January 1, 2018, for tax years beginning on or after that date.
Texto completo del proyecto (en inglés) · Qué cambió antes de aprobarse1
House subcommittee
Named February 19, 2019. On February 26, 2019 it recommended passage.
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Nota fiscal
Less revenue: up to $620,000 Compare con otros proyectos
The Section 179 expansion to corporate entities will reduce net General Fund revenue by an estimated $620,000 in FY 2019 and $430,000 in FY 2020. 0 million. With the change effective for TY 2018 and with tax filing for that tax year currently underway, the change will result in amended returns and additional Department of Revenue administrative expenses. Source Department of Revenue /s/ Holly M.
- Final Fiscal Note - Corporation Section 179 Expensing · 5 de junio de 2019
- Corporation Section 179 Expensing · 18 de febrero de 2019
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§422.35
Cabildeo
15 a favor · 0 en contra · 21 indecisos · Quiénes →
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88th General Assembly