Iowa HF2152 repeals the school tuition organization tax credit, effective July 1, 2032.

Iowa HF2152 repeals the school tuition organization tax credit, which is available against individual and corporate income taxes. The bill prohibits contributions to school tuition organizations from being used as tax credits starting July 1, 2026. It also reduces the total amount of approved tax credits for 2026 from $20 million to $10 million due to the repeal occurring mid-year. The bill eliminates the tax credit entirely starting July 1, 2032.

Iowa HF2152 repeals the school tuition organization tax credit, effective July 1, 2032.

Iowa HF2152 repeals the school tuition organization tax credit, which is available against individual and corporate income taxes. The bill prohibits contributions to school tuition organizations from being used as tax credits starting July 1, 2026. It also reduces the total amount of approved tax credits for 2026 from $20 million to $10 million due to the repeal occurring mid-year. The bill eliminates the tax credit entirely starting July 1, 2032.