Bill
Bill > HF668
IA HF668
IA HF668A bill for an act relating to the Iowa child and dependent care credit by increasing the Iowa net income threshold levels for purposes of calculating the Iowa child and dependent care credit available against the individual income tax, making appropriations, and including retroactive applicability provisions.
summary
Introduced
02/23/2021
02/23/2021
In Committee
02/23/2021
02/23/2021
Crossed Over
Passed
Dead
05/24/2022
05/24/2022
Introduced Session
89th General Assembly
Bill Summary
A bill for an act relating to the Iowa child and dependent care credit by increasing the Iowa net income threshold levels for purposes of calculating the Iowa child and dependent care credit available against the individual income tax, making appropriations, and including retroactive applicability provisions.
AI Summary
This bill increases the Iowa net income threshold levels for calculating the Iowa child and dependent care credit available against the individual income tax. It provides a 100% credit for taxpayers with net income less than $45,000, with the credit percentage decreasing as net income increases, until it reaches 0% for taxpayers with net income of $250,000 or more. The bill applies retroactively to tax year 2021 and appropriates $15 million from the Taxpayer Relief Fund to the General Fund for the child and dependent care credit.
Committee Categories
Budget and Finance
Sponsors (32)
Marti Anderson (D)*,
Liz Bennett (D)*,
Christina Bohannan (D)*,
Timi Brown-Powers (D)*,
Sue Cahill (D)*,
Dennis Cohoon (D)*,
Molly Donahue (D)*,
Tracy Ehlert (D)*,
John Forbes (D)*,
Eric Gjerde (D)*,
Chris Hall (D)*,
Steven Hansen (D)*,
Dave Jacoby (D)*,
Lindsay James (D)*,
Kenan Judge (D)*,
Jennifer Konfrst (D)*,
Monica Kurth (D)*,
Mary Mascher (D)*,
Charlie McConkey (D)*,
Brian Meyer (D)*,
Jo Oldson (D)*,
Rick Olson (D)*,
Todd Prichard (D)*,
Kirsten Running-Marquardt (D)*,
Art Staed (D)*,
Sharon Steckman (D)*,
Kristin Sunde (D)*,
Phyllis Thede (D)*,
Beth Wessel-Kroeschell (D)*,
Ross Wilburn (D)*,
Cindy Winckler (D)*,
Mary Wolfe (D)*,
Last Action
Introduced, referred to Ways and Means. H.J. 506. (on 02/23/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=89&ba=HF668 | 02/24/2021 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/89/attachments/HF668.html | 02/24/2021 |
| Bill | https://www.legis.iowa.gov/docs/publications/LGI/89/HF668.pdf | 02/24/2021 |
Loading...