Iowa HF31 creates new resident and new graduate tax credits against individual income tax.

Iowa HF31 establishes two tax credits: the new resident tax credit and the new graduate tax credit. The new resident tax credit is available to individuals who become Iowa residents by taking full-time employment in the state, remain employed full-time, and have not been residents in the previous 12 months. It is available for up to four consecutive tax years and cannot be claimed if the individual receives public assistance after the first tax year.

Iowa HF31 creates new resident and new graduate tax credits against individual income tax.

Iowa HF31 establishes two tax credits: the new resident tax credit and the new graduate tax credit. The new resident tax credit is available to individuals who become Iowa residents by taking full-time employment in the state, remain employed full-time, and have not been residents in the previous 12 months. It is available for up to four consecutive tax years and cannot be claimed if the individual receives public assistance after the first tax year.