Jul 16, 2020
Latest DOR Rules Unveiled This Week
This week, the Iowa Department of Revenue (DOR) filed a notice rule, ARC 5077C, that changes the department’s policy as it relates to affiliated corporations.
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.
Mar 26, 2020
Iowa Department of Revenue Director Kraig Paulsen signed an order that will extend filing and payment deadlines for income, franchise and moneys and credits taxes with a due date on or after March 19 and before July 31, to a new deadline of July 31.
Jun 28, 2018
The United States Supreme Court, in a 5-4 decision on June 21, overturned the Quill Corp. vs. North Dakota case, which prohibited states from charging sales tax unless the business had a physical presence in the state.
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.
Dec 22, 2016
On Monday, Tax Expenditure Committee, a joint committee comprised of state senators and representatives, held its second and final meeting before the legislative session to review specific tax credit programs including the Research Activities tax credits, the High Quality Jobs Program and the earned income tax credit.
Aug 11, 2016
Nicole Crain, ABI’s Senior Vice President, Public Policy, testified last week before the Administrative Rules Review Committee on the Iowa Department of Revenue’s proposed rules for sales and use tax exemptions on supplies used in the manufacturing process.
Feb 25, 2016
Monday, ABI members joined other stakeholders at a press conference held by House Speaker Linda Upmeyer (R-Clear Lake) to provide real examples of how small businesses will be affected if the Iowa Senate does not agree to couple state tax law with federal tax law.
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.
Nov 19, 2015
The Iowa Legislature’s Tax Expenditure Committee, which performs a scheduled review of specified tax credits, met Wednesday to review various tax credits including agricultural assets transfer tax credits, custom farming contract tax credits, claim of right tax credits, S corporation apportionment tax credits, alternative minimum tax credits, assistive device corporate tax credits, charitable conservation contribution tax credits, motor vehicle fuel tax credits and new jobs tax credits.