News Releases

IDR Releases Updated State Tax Guidance: GILTI & FDII
July 20, 2020

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that included extensive changes to the state’s tax structure. The Department has released updated guidance to explain the following tax change:

IDR Releases New State Tax Guidance: Iowa Nonconformity CARES Act of 2020
July 14, 2020

In December of 2019, President Trump signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 into law. This Act extends a number of expired federal tax provisions, many retroactively to tax years 2018 and 2019. Iowa has not conformed with any of these federal tax changes to the extent they apply to tax years beginning prior to January 1, 2020.

Iowa Government Working Group to meet July 15
July 13, 2020
​​​​​​​The Government Working Group of the Governor’s Economic Recovery Advisory Board will meet from 10 a.m. to noon on Wednesday, July 15. The public is invited to attend.
Update to Iowa Minimum Age Requirement
July 01, 2020
Iowa Governor Kim Reynolds signed Senate File 2268 into law on June 29, 2020 that raises the minimum age for a person to purchase, use, or sell tobacco, tobacco products, alternative nicotine products, vapor products, and cigarettes in Iowa from 18 to 21 years old. The new minimum age requirement takes effect immediately.
Iowa Fuel Tax Rate Change Effective July 1, 2020
June 30, 2020
Due to COVID-19, the current Iowa legislative session was suspended on March 15, 2020 until June 3, 2020. The bill was passed by the legislature on June 3, 2020 and signed into law on June 30, 2020. The new Iowa fuel tax rates begin July 1, 2020.
Important Upcoming Iowa Department of Revenue Tax Deadline
June 25, 2020

The Department is reminding taxpayers that Iowa has not extended the due date for Estimated Income Tax Payments. The second quarter installment of tax year 2020 estimated income tax for taxpayers filing on a calendar year basis is due June 30, 2020.

IDR Releases New State Tax Guidance: 199A(g) Deduction
June 24, 2020

On March 23, 2018, President Trump signed into law the Consolidated Appropriations Act, 2018 (P.L. 115-141). Among other changes to the Internal Revenue Code (IRC), this bill included a fix to the so called “grain glitch,” which occurred when IRC section 199 was repealed under Tax Cuts and Jobs Act (TCJA) in 2018.

Hotel/Motel Tax Information for Local Governments
June 17, 2020

The Department of Revenue recognizes travel/hospitality is one of many industries that has been severely impacted by the recent pandemic. This also impacts local governments and organizations in those communities that benefit from Iowa’s hotel/motel tax. The Department collects the tax and distributes the funds back to local governments on a quarterly basis.

Iowa Nonconformity: Coronavirus Aid, Relief, and Economic Security Act of 2020
June 01, 2020

On March 27, 2020, President Donald Trump signed Public Law 116-136, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The CARES Act includes a number of changes to federal tax provisions that are retroactive to tax years 2018 and 2019 (i.e. tax years beginning in calendar years 2018 or 2019).