Bills › 91st General Assembly
Modifying the tuition and textbook tax credit available against the individual income tax, and including retroactive applicability provisions
Sponsored by Rep. Bill Gustoff (R)
Topics:K–12 educationTaxesIncome taxesTax credits & incentives
Where it is now
- Done: IntroducedFebruary 13, 2025
- 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 Iowa taxpayers who pay for their children's private school tuition and textbooks could receive a larger tax credit. Instead of getting back 25 percent of the first $2,000 spent, families would get 50 percent of that amount. This change applies to certain non-profit schools in Iowa that follow civil rights laws.1
Read the official explanation
Current law establishes a tuition credit equal to 25 percent of the first $2,000 which the taxpayer has paid to others for each dependent in grades kindergarten through 12, for tuition and textbooks of each dependent who is receiving private instruction or who is attending an elementary or secondary school situated in Iowa, which school is accredited or approved under Code section 256.11, which is not operated for profit, and which adheres to the provisions of the federal Civil Rights Act of 1964 and Code chapter 216 (Iowa civil rights Act of 1965). This bill increases the amount of this tax credit to 50 percent of the first $2,000. The bill applies retroactively to January 1, 2025, for tax years beginning on or after that date.