Exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions

Where it is now

Done: IntroducedFebruary 16, 2026
Stopped: SubcommitteeDied when the General Assembly ended
Next: House committeeFunnel: by February 20, 2026
Next: Passes the House
Next: Senate committeeFunnel: by March 20, 2026
Next: Passes the Senate
Next: To the Governor
Next: Signed into law

Died when the session ended The 2026 session adjourned on May 3, 2026, 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 Certified public accountants will not have to pay state income tax on money they earn from auditing or examining local government groups. This change applies to both individual accountants and corporations. The new rule would start for tax years beginning on or after January 1, 2026.¹

Read the official explanation

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 after January 1, 2026.

Full bill text²

Iowa Code it changes

Amends§11.6 §422.35 §422.7

How the Code works³

Lobbying

0 for · 0 against · 1 undecided · Who →

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Tried before

HF 2685Cleared committee90th GA

91st General Assembly

HF 2482Cleared committee

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

HF 2685 Exempting from state income tax income received by a certified public accountant performin…
90th General Assembly · In committee · nearly identical
Cleared committee

Matched by wording or an identical title.