Bill > SF402

This bill allows individual income taxpayers in Iowa to deduct expenses paid to nursing facilities, which are defined as facilities licensed under Chapter 135C of Iowa's code, from their state income taxes. The deduction can be applied to health-related care and services expenses paid to these nursing facilities, to the extent that these expenses were not already deducted on federal tax returns. Specifically, the bill adds a new subsection (Subsection 45) to Section 422.7 of the Iowa Code, creating this tax deduction option. The bill is designed to be retroactively applied, meaning it will take effect for tax years beginning on or after January 1, 2025, which provides taxpayers with a potential financial benefit for nursing facility expenses incurred during those tax years. This legislation aims to provide some financial relief for individuals or families bearing the cost of nursing home care, recognizing the significant expenses often associated with such health-related services.

Budget and Finance

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF402