Bill
Bill > SF379
IA SF379
A bill for an act creating a deduction available against the individual income tax for educational expenses at institutions of higher education for career-related programs and apprenticeship programs, and including retroactive applicability provisions.(Formerly SSB 1119.)
summary
Introduced
02/19/2025
02/19/2025
In Committee
02/20/2025
02/20/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill creates a deduction available against the individual income tax for educational expenses at institutions of higher education and apprenticeship programs. The bill allows an individual income taxpayer to deduct the expenses for instruction at an institution of higher education for career-related programs that do not qualify for college credit, and for participation in an apprenticeship program registered with the Iowa office of apprenticeship under Code chapter 84D. The bill defines “institution of higher education”, “expenses”, and “payment”. The bill applies retroactively to tax years beginning on or after January 1, 2025.
AI Summary
This bill creates a new tax deduction for individuals in Iowa for specific educational expenses related to career-related programs and apprenticeship programs. The deduction allows taxpayers to subtract expenses such as tuition, fees, books, supplies, and equipment for instruction at community colleges, state board of regents institutions, and accredited private institutions, as well as expenses for non-credit career programs and registered apprenticeship programs. Importantly, the bill specifies that payments from education savings plans do not qualify for the deduction. The bill defines "apprenticeship program" as one registered with the Iowa office of apprenticeship and includes loan repayments as eligible expenses. The deduction applies to educational expenses for programs that do not qualify for college credit and those in registered apprenticeship programs. The Iowa Department of Revenue is required to create rules for implementing this deduction. The bill has retroactive applicability, meaning it will apply to tax years beginning on or after January 1, 2025, potentially allowing taxpayers to claim the deduction for those years.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Workforce (S)
Last Action
Subcommittee recommends passage. (on 03/12/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF379 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF379.html |
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