89th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HF 512: Excluding from Iowa net income federal recovery rebates, certain paycheck protection program loan forgiveness, and pandemic-related unemployment compensation, and including effective date and retroactive applicability provisions
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 excludes from Iowa net income federal recovery rebates, certain paycheck protection program loan forgiveness, and pandemic-related unemployment compensation. The bill is divided into divisions. DIVISION I —— FEDERAL RECOVERY REBATES. The bill relates to the state taxation of the federal recovery rebates (stimulus checks). In determining the amount of deduction for federal income tax for tax years beginning in the 2020 calendar year, the amount of the deduction for the tax year shall not be adjusted by the second round of stimulus checks received during the tax year of the income tax rebate provided pursuant to the federal Consolidated Appropriations Act, 2021, and the amount of such income tax rebate shall not be subject to state taxation.
Sponsors
Not listed
Cost
No fiscal note
Lobbying · 1 for, 0 against
For: Iowa State Bar Association
In plain words
- February 15, 2021Filed in the House and sent to the Ways and Means committee
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/HF512