Bills › 90th General Assembly
Relating to withholding Iowa state income tax from retirement income, and including effective date and retroactive applicability provisions
Topics:Taxes
Where it is now
- Done: IntroducedFebruary 14, 2023
- 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 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 Iowa will stop requiring employers to take state income tax out of retirement payments for people living in the state. This change applies to retirement income that is already exempt from Iowa taxes.1
Read the official explanation
This bill relates to withholding Iowa state income tax from retirement income. Under current law, most retirement income is no longer subject to Iowa income tax. The bill strikes provisions requiring the withholding of state income tax from retirement income payments made to Iowa residents if the retirement income is no longer subject to Iowa income tax. The bill takes effect upon enactment, and applies retroactively to January 1, 2023, for tax years beginning on or after that date.