The Legislative News is updated regularly by the Iowa Association of Business and Industry’s (ABI) public policy team with information about the latest activity in the Iowa Legislature, administratively and at the federal level.
May 21, 2021
The Iowa Department of Revenue is proposing to adopt a limited definition where “marketable food products for human consumption” only applies to final food products and not food ingredients for purposes of sales tax exemptions.
Aug 31, 2017
In 2016, the Iowa Department of Revenue promulgated rules which require electronic filing of W-2 forms for Iowa businesses. To allow additional time to implement these new requirements, the Department has proposed new rules extending the phase-in for one year. As proposed, the amendment will only require withholding agents with at least 50 employees to file W-2 forms electronically for tax years 2016 and 2017.
Mar 16, 2017
In light of the Revenue Estimating Conference’s (REC) projections on the budget, Rep Pat Grassley (R-New Hartford), chairman of the House Appropriations Committee, filed HSB 187, which would limit and gradually reduce the amount of tax credits, affecting many business incentives.
Jan 21, 2016
The House Ways and Means Committee assigned House Study Bill 535 (HSB 535). This bill will temporarily couple for tax year 2015 the state tax code with all updates except bonus depreciation that the federal government made at the end of 2015.
