91st General Assembly · Funnel one-pager · Monday, November 9, 2026
HF 568: Excluding interest income earned from banks and credit unions from the calculations of Iowa net income for purposes of the individual income tax, and including effective date and retroactive 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 excludes interest income received from banks and credit unions from the calculation of Iowa net income for purposes of the individual income tax. The bill defines “bank” and “credit union”. The bill takes effect upon enactment and applies retroactively to tax years beginning on or after January 1, 2025.
Sponsors
Rep. David Jacoby (D)
Cost
No fiscal note
In plain words
- February 24, 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/HF568