Proyectos de ley › 90.ª Asamblea General
Creating a child tax credit available against the individual income tax, and including retroactive applicability provisions
Dónde está ahora
- Hecho: Presentado7 de febrero de 2024
- Hecho: Subcomité15 de febrero de 2024
- Se detuvo: Comité del SenadoMurió al terminar la Asamblea General
- Sigue: Lo aprueba el Senado
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2024 terminó el 19 de abril de 2024, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Iowa is creating a new tax credit for people who have children under the age of 17. This credit can lower the amount of income tax a person owes, and if the credit is more than what they owe, they can receive the extra money back as a refund. People who only live in Iowa part of the year will receive a portion of the credit based on how much of their income came from the state. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
This bill creates a child tax credit available against the individual income tax. Under the bill, the child tax credit is a refundable tax credit available for a taxpayer based upon the income of the taxpayer and the number of dependent children the taxpayer has under years of age. The tax credit is refundable and in lieu of claiming a refund, the taxpayer may elect to have the overpayment shown on the taxpayer’s final, completed return credited to the tax liability for the following tax year. The bill requires nonresidents or part-year residents of this state to determine their tax credit in the ratio of their Iowa source net income to their all source net income. The department of revenue is required to adopt rules to administer the bill. The bill applies retroactively to tax years beginning on or after January 1, 2024.
Senate subcommittee
Named February 15, 2024. It hasn’t reported yet.
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