Bills › 90th General Assembly
Providing a deduction from the individual and corporate income taxes for the amount of certain income derived from indigent representation by an eligible law firm, and including retroactive applicability provisions
Sponsored by the House Ways and Means Committee
Topics:Taxes
Same legislation: HF 2504
Where it is now
- Done: IntroducedFebruary 14, 2024
- Done: SubcommitteeFebruary 21, 2024
- Done: House committeeMarch 28, 2024
- Done: Passes the HouseApril 4, 202495–0
- Stopped: Senate committeeDied when the General Assembly ended
- 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 provides a deduction from the individual income or corporate income tax for the amount of certain income derived from indigent representation by an eligible law firm. The bill defines “eligible law firm” to mean a law firm in this state that has two or more attorneys that practice law in the law firm for at least half of each tax year during which the law firm is engaged in an eligible case.10 (appointment of counsel by court). The bill defines “eligible attorney” to mean an attorney who is appointed to an eligible case and who, at the time of such appointment, has been licensed to practice law for fewer than five years.
Read the full explanation
7. The current hourly rate is $83 per hour for a class “A” felony, $78 per hour for a class “B” felony, and $73 per hour for all other cases. For individual income tax purposes, a taxpayer who is a partner of a partnership, a shareholder of a subchapter S corporation, or a member of a limited liability corporation may deduct the portion of the amount of the deduction calculated under the bill based on the taxpayer’s pro rata share of the profits or losses from the partnership or subchapter S corporation. The bill applies retroactively to tax years beginning on or after January 1, 2024.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Senate subcommittee
Named April 9, 2024. On April 16, 2024 it recommended passage. [].
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
Fiscal note
Less revenue: up to $2.9M Compare with other bills
The proposed deductions from the individual income tax in HF 2679 are projected to decrease net individual income tax liability and State General Fund revenue by the following amounts: • FY 2025 = $1.5 million • FY 2026 = $2.9 million • FY 2027 = $2.5 million • FY 2028 = $2.6 million • FY 2029 = $2.7 million • FY 2030 = $2.8 million The decrease in tax liability is also projected to decrease the statewide local option income surtax for schools by the following amounts: • FY 2025 = $37,000 • FY 2026 = $72,000 • FY 2027 = $63,000 • FY 2028 = $65,000 • FY 2029 = $68,000 • FY 2030 = $71,000 3
- Law Firm Contract Attorneys, Tax Credit · April 5, 2024
- Law Firm Contract Attorneys, Tax Credit · April 3, 2024
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
3 for · 0 against · 4 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
Picked up later
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 30 Providing a deduction from the individual and corporate income taxes for the amount of cer…91st General Assembly · Subcommittee recommends passageNearly 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.