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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 496: Modifying the individual and alternate income tax rates, and including applicability provisions

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill decreases the individual income tax rate on taxable income from 3.8 percent to 2.5 percent, and correspondingly reduces the alternate income tax rate from 4.3 percent to 3.0 percent. The bill applies to tax years beginning on or after January 1, 2026.

Sponsors

Rep. David Jacoby (D)

Cost

No fiscal note

In plain words

  1. February 20, 2025Filed in the House and sent to the Ways and Means committee

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/HF496