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89th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HF 2087: Relating to an entity-level taxation election for pass-through entities and allowing a partner or shareholder to claim a credit against the individual income tax

Died when the session ended · The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.

What it does

This bill relates to an entity-level taxation election for pass-through entities and allows a partner or shareholder to claim a credit against the individual income tax.5A imposed against the net income of the taxpayer for the taxable year. Currently, the net income of a partnership or S corporation passes through to the partners or shareholders of the entity and is subject to the individual income tax at the partner or shareholder level. The bill only applies to tax years as long as the limitation on individual deductions applies under section 164(b)(6) of the Internal Revenue Code.

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named January 26, 2022

  • Rep. Dustin D. Hite (R)
  • Rep. Lindsay James (D) · lindsay.james@legis.iowa.gov
  • Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov

In plain words

  1. January 25, 2022Filed in the House and sent to the Ways and Means committee
  2. January 26, 2022House subcommittee named: Hite, James and Lohse
  3. February 2, 2022Subcommittee recommended passing it

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/89/HF2087