Display
Language
About accessibility
Language
Display
Sign in

Bills › 90th General Assembly

HF 284Died when the session ended · February 14, 2023

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:K–12 educationTaxesIncome taxes

Write your legislators about it
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedFebruary 14, 2023
  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 2024 session adjourned on April 19, 2024, 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AI summary People using Iowa's 529 education savings plans would not have to pay state income tax on money withdrawn to pay for private school expenses. These expenses include things like tuition, books, and equipment. This change applies to tax years starting on or after January 1, 2023.1

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, 2023, 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

1 for · 0 against · 1 undecided · Who →

Family tree

Tried before

SF 433Cleared committee89th GAHF 580Cleared committee89th GA

90th General Assembly

HF 284Cleared committee

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

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • HF 580 Relating to the Iowa educational savings plan trust by excluding from the computation of n…
    89th General Assembly · In committee · same title
    Cleared committee
  • SF 433 Relating to the Iowa educational savings plan trust by excluding from the computation of n…
    89th General Assembly · In committee · same title
    Cleared committee

Matched by wording or an identical title.