Iowa HF682 mandates the recapture of tax expenditures for businesses that violate child labor laws.

Iowa HF682 requires the recapture of tax expenditures disbursed by state departments to businesses that violate child labor laws. The bill defines "tax expenditure" to include tax credits, exemptions, deductions, rebates, and sales tax refunds. Starting July 1, 2025, tax incentives authorized by state departments are subject to recapture if the business or its contractors violate state or federal child labor laws. The business must notify the administering department of the violation within 30 days of the end of the contest or appeal period.

Iowa HF682 mandates the recapture of tax expenditures for businesses that violate child labor laws.

Iowa HF682 requires the recapture of tax expenditures disbursed by state departments to businesses that violate child labor laws. The bill defines "tax expenditure" to include tax credits, exemptions, deductions, rebates, and sales tax refunds. Starting July 1, 2025, tax incentives authorized by state departments are subject to recapture if the business or its contractors violate state or federal child labor laws. The business must notify the administering department of the violation within 30 days of the end of the contest or appeal period.