Proyectos de ley › 89.ª Asamblea General
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
Temas:K–12 educationTaxesIncome taxes
La misma legislación: HF 580
Dónde está ahora
- Hecho: Presentado17 de febrero de 2021
- Hecho: Subcomité24 de febrero de 2021
- Se detuvo: Comité del SenadoMurió al terminar la Asamblea General
- Sigue: Lo aprueba el Senado
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2022 terminó el 24 de mayo de 2022, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA People using Iowa's 529 education savings plans would not have to pay state income tax on money withdrawn to pay for certain private instruction. This includes costs for things like tutoring, online courses, or nonpublic school expenses for elementary and secondary students. These changes would apply to tax years starting on or after January 1, 2021. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
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 for a nonaccredited nonpublic school, cooperative study program, tutorial service, classes taken at an educational institution or through a private service provider, and a course taken online, all as part of a program or course of study for an elementary or secondary school student. 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.
Senate subcommittee
Named February 24, 2021. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Lo que cambia del Código de Iowa (Iowa Code)
Cabildeo
4 a favor · 2 en contra · 2 indecisos · Quiénes →
Family tree
89th General Assembly
Picked up later
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 committeeNearly identical
Matched by wording or an identical title.