Bills › 90th General Assembly
Repealing the school tuition organization tax credit available against the individual and corporate income taxes and including effective date provisions
Where it is now
- Done: IntroducedFebruary 5, 2024
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill repeals the school tuition organization (STO) tax credit available against the individual and corporate income taxes. DIVISION I. Under the bill, a contribution made by a taxpayer to an STO on or after July 1, 2024, shall not be used by the taxpayer as a tax credit to reduce the individual or corporate income tax. The bill prohibits an STO from issuing tax credit certificates for contributions made to the STO on or after July 1, 2024. The bill reduces the total amount of approved STO tax credits that may be issued in calendar year 2024 from $20 million to $10 million due to the repeal occurring at the midpoint of the calendar year.
Read the full explanation
The bill strikes the credit occurring each calendar year after calendar year 2024.11S(3). DIVISION II.11S on the date that the Code section is repealed. The division takes effect on July 1, 2030.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Iowa Code it changes
Amends§2.48§22A.6§422.11S§422.33
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
0 for · 1 against · 1 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
90th General Assembly
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.
Similar bills
- HF 811 Repealing the school tuition organization tax credit available against the individual and …91st General Assembly · In committeeNearly identical
- HF 2152 Repealing the school tuition organization tax credit available against the individual and …91st General Assembly · In committeeNearly identical
Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.