SSB 1210: Concerning the apportionment of certain business income of an airline or a qualified air freight forwarder for purposes of Iowa corporate income tax, and including retroactive applicability provisions

What it does

This bill relates to the apportionment of income of an airline and of a qualified air freight forwarder for purposes of the Iowa corporate income tax. A corporation doing business both within and without Iowa is required to apportion its business income among Iowa and the other states in which it does business. The amount of business income apportioned to Iowa is generally in the same percentage as the business’s gross sales made within Iowa if the business involves the manufacture or sale of goods and products, or in the same percentage as the business’s gross receipts earned within Iowa if the business involves something other than the manufacture or sale of goods and products.

Senate subcommittee · named March 7, 2025

• Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov
• Sen. Adrian Dickey (R) · adrian.dickey@legis.iowa.gov
• Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa Association of Business and Industry (ABI); UPS

In plain words

1. March 6, 2025Filed in the Senate and sent to the Ways and Means committee
2. March 7, 2025Senate subcommittee named: Schultz, Dickey and Quirmbach
3. March 26, 2025Subcommittee recommended passing it