Iowa HF1027 establishes a tax credit for radon mitigation systems, up to $1,000, and applies retroactively to January 1, 2025.

Iowa HF1027 introduces a tax credit for radon mitigation systems, defined as systems designed to reduce radon concentrations in indoor air. The credit can be claimed against individual and corporate income taxes, up to $1,000 for the cost of purchase and installation. Any unused credit can be carried over to the next tax year but is not refundable. The bill applies retroactively to January 1, 2025, for tax years beginning on or after that date.

Iowa HF1027 establishes a tax credit for radon mitigation systems, up to $1,000, and applies retroactively to January 1, 2025.

Iowa HF1027 introduces a tax credit for radon mitigation systems, defined as systems designed to reduce radon concentrations in indoor air. The credit can be claimed against individual and corporate income taxes, up to $1,000 for the cost of purchase and installation. Any unused credit can be carried over to the next tax year but is not refundable. The bill applies retroactively to January 1, 2025, for tax years beginning on or after that date.