Iowa HF2342 repeals existing and future tax credits over a period from 2028 to 2037.

Iowa HF2342 provides for the future repeal of certain existing state income and property tax credits, as well as tax credits enacted in the future. The bill repeals various tax credits, including the accelerated career development tax credit, the child and dependent care tax credit, and the homestead tax credit, among others. The repeal of these credits will occur on a rolling basis from January 1, 2028, through January 1, 2032.

Iowa HF2342 repeals existing and future tax credits over a period from 2028 to 2037.

Iowa HF2342 provides for the future repeal of certain existing state income and property tax credits, as well as tax credits enacted in the future. The bill repeals various tax credits, including the accelerated career development tax credit, the child and dependent care tax credit, and the homestead tax credit, among others. The repeal of these credits will occur on a rolling basis from January 1, 2028, through January 1, 2032.