On September 22, 2023, the Director of the Iowa Department of Revenue, Mary Mosiman, issued Order 2023-02. The Department has provided guidance to explain this tax change:
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IDR Releases Tax Guidance: Iowa Corporate Income Tax Rate Changes for 2024
September 22, 2023
IDR Releases Updated Tax Guidance: Pass-Through Entity Tax
September 19, 2023
The Iowa Department of Revenue has released updated tax guidance including the following new or updated Common Questions related to Pass-Through Entity Tax (PTET):
IDR Administrative Rules: Executive Order 10 – Red Tape Review Reports
August 31, 2023
On January 10, 2023, Governor Kim Reynolds signed Executive Order 10, putting a moratorium on certain administrative rulemaking and instituting a comprehensive review of all existing administrative rules.
IDR Releases New Tax Guidance: Pass-Through Entity Tax
July 20, 2023
On May 11, 2023, Governor Kim Reynolds signed 2023 Iowa Acts, House File 352. The Iowa Department of Revenue has released new tax guidance to explain this tax change:
Iowa Fuel Tax Rate Change Effective July 1, 2023
June 28, 2023
Based on the recently updated Retailers Motor Fuel Gallons Annual Report, the motor fuel tax rate for B-11 or Higher previously communicated on June 12, 2023 has changed. – Prior to July 1, 2020, the Iowa Department of Revenue used gallon totals from the Iowa Fuel Tax Monthly Report to determine tax rates for motor fuel and special fuel. Beginning July 1, 2020, the Department started using gallon totals from the Iowa Retailers Fuel Gallons Annual Report, resulting in tax rate changes to select fuel types.
News Release: Tax Changes are Coming for Electric Vehicle Charging Stations
June 09, 2023
The Iowa Department of Revenue is reminding owners of non-residential electric vehicle chargers that new tax changes take effect July 1, 2023.
Request for Tax Guidance – House File 352
May 22, 2023
On May 11, 2023 Governor Reynolds signed House File 352 which creates a voluntary election for a partnership or S corporation to be subject to Iowa income tax at the entity level. The legislation applies retroactively to tax years beginning on or after January 1, 2022. The Department is in the process of reviewing this legislation and will release guidance soon.
Administrative Rules - Adopted & Filed
May 19, 2023
The Iowa Department of Revenue previously submitted the following proposed rule (Electric Fuel Excise Tax) to the Iowa Legislature. The following rule has been adopted and filed, effective July 1, 2023. See individual notice for details.
IDR Announces: Homestead Tax Exemption for Claimants 65 Years of Age or Older
May 15, 2023
On May 4, 2023, Governor Reynolds signed House File 718, establishing a homestead tax exemption for claimants 65 years of age or older.