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Bills › 89th General Assembly

HF 580Died when the session ended · February 17, 2021

Relating to the Iowa educational savings plan trust by excluding from the computation of net income for the individual income tax withdrawals for the payment of qualified education expenses for private instruction, and including retroactive applicability provisions

Topics:TaxesIncome taxes

Same legislation: SF 433

Write your legislators about it

Also covers SF 433.

Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedFebruary 17, 2021
  2. Stopped: SubcommitteeDied when the General Assembly ended
  3. Next: House committee
  4. Next: Passes the House
  5. Next: Senate committee
  6. Next: Passes the Senate
  7. Next: To the Governor
  8. Next: Signed into law

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’s a funnel?

What’s in it

AI summary People using Iowa's 529 education savings plans would not have to pay state income tax on money taken out to pay for private school expenses. These expenses include things like tuition, books, fees, and equipment. This change applies to anyone who has made such withdrawals since the beginning of 2021.1

Read the official explanation

This bill relates to the Iowa educational savings plan trust (529 plan) by excluding from the computation of net income for the individual income tax withdrawals for the payment of qualified education expenses for private instruction.3. Under the bill, “qualified education expenses” include expenses described in section 529(e)(3)(A) of the Internal Revenue Code including tuition, fees, books, and equipment. The federal tax treatment of the type of withdrawal described in the bill may differ from the state tax treatment under the bill. The bill applies retroactively to January 1, 2021, and applies to tax years beginning on or after that date.

Full bill text2

Iowa Code it changes

Amends§12D.1§422.7

How the Code works3

Lobbying

4 for · 2 against · 2 undecided · Who →

Family tree

89th General Assembly

HF 580Cleared committeeHouse companionSF 433Cleared committeeSenate companion

Picked up later

HF 284Cleared committee90th GA

Earlier and later bills are matched by wording or an identical title.

Similar bills

  • HF 284 Relating to the Iowa educational savings plan trust by excluding from the computation of n…
    90th General Assembly · In committee
    Nearly identical

Matched by wording or an identical title.