Division I - Individual and Alternate Income Tax Rates Beginning in Tax Year 2025.
-Moves up the future individual single rate from tax years beginning on or after January 1, 2026, to tax years beginning on or after January 1, 2025, and decreases the future rate from 3.9% to 3.8%.
-Moves up the corresponding alternate individual income tax rate from tax years beginning on or after January 1, 2026, to tax years beginning on or after January 1, 2025, and decreases the future alternate rate from 4.4% to 4.3%.
Division IV - Property Tax Procedures
-Changes the deadline for political subdivisions to file reports with DOM containing all necessary information for DOM to compile and calculate amounts required to be included in the statements mailed to property owners and taxpayers from March 15 to 4pm on March 5.
Fiscal Note: Legislative Services Agency (iowa.gov)
Last Modified: 05/20/2024