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90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HSB 716: HSB 716

Became HF 2685 · Its progress continues under the new number.

What it does

This bill exempts from state income tax under Code sections 422.7 (individual) and 422.35 (corporate), as applicable, income received by a certified public accountant performing an audit or examination of a governmental subdivision under Code section 11.6. The bill applies retroactively to tax years beginning on or S.F. _____ H.F. _____ after January 1, 2024.

Sponsors

Not listed

Cost

See the fiscal note

The proposed income exemptions in HF 2685 are projected to decrease net General Fund revenue by the following: • FY 2025 = $1.7 million • FY 2026 = $1.6 million • FY 2027 = $1.4 million • FY 2028 = $1.4 million • FY 2029 = $1.4 million The Bill is projected to…

House subcommittee · named February 19, 2024

  • Rep. John H. Wills (R) · john.wills@legis.iowa.gov
  • Rep. Dave Deyoe (R)
  • Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa League of Cities; Iowa Society of Certified Public Accountants

In plain words

  1. February 19, 2024Filed in the House and sent to the Ways and Means committee
  2. February 19, 2024House subcommittee named: Wills, J., Deyoe and Wilson
  3. February 27, 2024Subcommittee recommended passing it with changes
  4. April 2, 2024Approved by the House committee
  5. April 3, 2024Approved by the House committee, and given a new number: HF 2685

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/90/HSB716