Iowa SF2285 provides a tax credit for car registration fees paid by disabled veterans with a 100 percent disability rating.

Iowa SF2285 introduces a tax credit for car registration fees paid by disabled veterans with a 100 percent disability rating. The credit is available against the individual income tax and can be up to $100 per year. The credit is refundable, and taxpayers can choose to apply any excess credit to their tax liability for the following year. The bill applies retroactively to tax years beginning on or after January 1, 2026. The Department of Revenue is authorized to adopt rules to administer this credit.

Iowa SF2285 provides a tax credit for car registration fees paid by disabled veterans with a 100 percent disability rating.

Iowa SF2285 introduces a tax credit for car registration fees paid by disabled veterans with a 100 percent disability rating. The credit is available against the individual income tax and can be up to $100 per year. The credit is refundable, and taxpayers can choose to apply any excess credit to their tax liability for the following year. The bill applies retroactively to tax years beginning on or after January 1, 2026. The Department of Revenue is authorized to adopt rules to administer this credit.