Proyectos de ley › 91.ª Asamblea General
Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions
Presentado por el comité Ways and Means (successor To Ssb 3105) del Senado
Dónde está ahora
- Hecho: Presentado12 de febrero de 2026
- Hecho: Subcomité18 de febrero de 2026
- Hecho: Comité del Senado12 de febrero de 2026
- Hecho: Lo aprueba el Senado27 de abril de 202646–0
- Hecho: Comité de la Cámara1 de mayo de 2026
- Hecho: Lo aprueba la Cámara2 de mayo de 202685–0
- Hecho: A gobernador(a)11 de mayo de 2026
- Hecho: Firmado como ley15 de mayo de 2026
Firmado como ley ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Las empresas de Iowa que ganan dinero de compañías extranjeras podrían recibir una deducción en sus impuestos estatales sobre la renta de corporaciones. Este cambio actualiza la ley para que coincida con las nuevas reglas federales que cambiaron el nombre de un tipo específico de ingreso extranjero. Al realizar esta actualización, el estado asegura que las empresas aún puedan reclamar la deducción de impuestos bajo el nuevo nombre.1
Lea la explicación oficial (en inglés)
This bill creates a state corporate income tax deduction for net controlled foreign corporation tested income (NCTI).35(12) specifically references global intangible low-taxed income (GILTI) under section 951A of the Internal Revenue Code (IRC) for purposes of a state corporate income tax deduction allowed under that Code section. Recent federal legislation replaced GILTI with NCTI under section 951A of the IRC. NCTI is the aggregate amount of net income subject to federal tax that is earned by a taxpayer from controlled foreign corporations of the taxpayer, and is applied more broadly to foreign income than GILTI. 35(12) specifically references GILTI income under section 951A of the IRC. The bill strikes the specific reference to GILTI but continues to allow the deduction for income under section 951A of the IRC which is now recharacterized as NCTI.
Por qué importa. Las corporaciones que obtengan ingresos de corporaciones extranjeras controladas podrían solicitar una deducción del impuesto estatal sobre la renta de las corporaciones por estos ingresos extranjeros. Se espera que este cambio disminuya los ingresos del General Fund del estado en $2.1 millones en el año fiscal 2026, $9.2 millones en el año fiscal 2027, $11.4 millones en el año fiscal 2028, $11.7 millones en el año fiscal 2029, $11.9 millones en el año fiscal 2030 y $12.1 millones en el año fiscal 2031.2
Texto completo del proyecto (en inglés) · Qué cambió antes de aprobarse3
House subcommittee
Named April 29, 2026. On April 30, 2026 it recommended passage.
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1 comentario público por escrito a su subcomité: 9 de febrero de 2026 (1) · en el sitio de la Legislatura
Nota fiscal
Less revenue: up to $12.1M Compare con otros proyectos
Resumen con IA This bill creates a new state corporate income tax deduction for certain foreign corporation income to replace an existing deduction. It is expected to decrease revenue to the state's General Fund by $2.1 million in fiscal year 2026, $9.2 million in fiscal year 2027, $11.4 million in fiscal year 2028, $11.7 million in fiscal year 2029, $11.9 million in fiscal year 2030, and $12.1 million in fiscal year 2031. (en inglés)4
Lea la nota fiscal (en inglés)
Description
Senate File 2492 creates a State corporate income tax deduction for net controlled foreign corporation (CFC) tested income (net CFC tested income or NCTI) from a foreign corporation, replacing the tax deduction for global intangible low-taxed income (GILTI). The Bill applies retroactively to tax years beginning on or after January 1, 2026.
Background
The One Big Beautiful Bill Act of 2025 replaced GILTI with NCTI, which is a U.S. tax law that requires Americans who are owners of foreign corporations to pay federal tax, offset by a 40.0% federal deduction. Currently, the Iowa Code specifically references a deduction for GILTI under 26 U.S.C. §951A; however, federal code changed GILTI to NCTI.
Assumptions
- The projection for NCTI is based on tax year (TY) 2023 and TY 2024 GILTI information reported on Iowa corporate income tax returns.
- Net CFC tested income represents 103.5% of GILTI reported on Iowa corporate tax returns, based on Internal Revenue Service ratios of NCTI to GILTI from TY 2018 and TY 2021.
- Iowa’s total apportioned share of GILTI reported in TY 2024 is approximately $39.750 billion from 838 taxpayers, representing approximately 87.0% of all corporate income tax returns that are expected to be filed.
- The number of corporate income taxpayers in TY 2024 remains similar to the amount in TY 2023.
- The Iowa Department of Revenue (IDR) estimates a TY 2024 revenue impact of $10.9 million due to the NCTI deduction.
- Based on Moody’s projections used by the IDR, the annual average percentage increase in corporate profits is 1.9%, which is assumed for tax years beginning in TY 2025.
- The Bill is expected to have fiscal impacts beginning annually in FY 2026 due to the retroactivity of the Bill.
Fiscal Impact
Senate File 2492 is expected to decrease revenue to the General Fund by the following amounts:
- FY 2026 = $2.1 million
- FY 2027 = $9.2 million
- FY 2028 = $11.4 million
- FY 2029 = $11.7 million
- FY 2030 = $11.9 million
- FY 2031 = $12.1 million
Sources
- Iowa Department of Revenue
- Internal Revenue Service
- Final Fiscal Note — Corporate Income Tax, Section 951A Income · 14 de mayo de 2026 · $12.1M
- Corporate Income Tax, Section 951A Income · 20 de abril de 2026 · $12.1M
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§422.35
Cabildeo
7 a favor · 0 en contra · 8 indecisos · Quiénes →
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91st General Assembly