HSB 70: HSB 70

What it does

This bill relates to the apportionment of income of an airline and of a qualified air freight forwarder for purposes of the Iowa corporate income tax. A corporation doing business both within and without Iowa is required to apportion its business income among Iowa and the other states in which it does business. The amount of business income apportioned to Iowa is generally in the same percentage as the business’s gross sales made within Iowa if the business involves the manufacture or sale of goods and products, or in the same percentage as the business’s gross receipts earned within Iowa if the business involves something other than the manufacture or sale of goods and products.

House subcommittee · named January 20, 2023

• Rep. John H. Wills (R) · john.wills@legis.iowa.gov
• Rep. Craig P. Johnson (R) · craig.johnson@legis.iowa.gov
• Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Iowa Association of Business and Industry (ABI); Iowa Motor Truck Association; Iowa Taxpayers Association

In plain words

1. January 20, 2023Filed in the House and sent to the Ways and Means committee
2. January 20, 2023House subcommittee named: Wills, J., Johnson and Wilson
3. January 25, 2023Subcommittee recommended passing it