Bills › 90th General Assembly
Increasing the annual aggregate amount authorized for the endow Iowa tax credit and including effective date and applicability provisions
Where it is now
- Done: IntroducedJanuary 12, 2023
- Done: SubcommitteeJanuary 18, 2023
- Stopped: House committeeDied when the General Assembly ended
- 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
This bill relates to the endow Iowa tax credit available against individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax. The bill increases the annual aggregate amount authorized for the endow Iowa tax credit from $6 million to $10 million. The bill takes effect January 1, 2024, and applies to tax years beginning on or after that date. The endow Iowa tax credit is a tax credit equal to percent of a taxpayer’s endowment gift to an endow Iowa qualified community foundation.
House subcommittee
Named January 18, 2023. On January 31, 2023 it recommended passage. Vote Total: 3-0.
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
1 written public comment to its subcommittee: January 31, 2023 (1) · on the Legislature’s site