Iowa HF625 repeals various existing and future tax credits over a period from 2027 to 2041.

Iowa HF625 provides for the future repeal of certain existing state income and property tax credits, as well as tax credits enacted by the general assembly in the future. The bill repeals specific tax credits, such as the accelerated career education program job tax credit and the beginning farmer tax credit, on a rolling basis from January 1, 2027, through January 1, 2031. It also repeals tax credits enacted after January 1, 2026, on January 1 of the sixth year following their effective date, unless another provision of the Code provides for an earlier repeal date.

Iowa HF625 repeals various existing and future tax credits over a period from 2027 to 2041.

Iowa HF625 provides for the future repeal of certain existing state income and property tax credits, as well as tax credits enacted by the general assembly in the future. The bill repeals specific tax credits, such as the accelerated career education program job tax credit and the beginning farmer tax credit, on a rolling basis from January 1, 2027, through January 1, 2031. It also repeals tax credits enacted after January 1, 2026, on January 1 of the sixth year following their effective date, unless another provision of the Code provides for an earlier repeal date.