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The Iowa Department of Revenue has submitted new proposed rules to the Iowa Legislature, available for public comment through March 14, 2023. The Department previously submitted the following proposed rules to the Iowa Legislature. The following rules have been adopted and filed, effective March 29, 2023. See individual notices for details.

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. The Department has updated its website to include this rulemaking information.

On February 20, 2023, Governor Kim Reynolds signed Senate File 181. The Iowa Department of Revenue has released updated tax guidance addressing withholding requirements for distributions of retirement income for tax years beginning on or after January 1, 2023.

Governor Reynolds signed Senate File 181 into law. Division I of the bill addresses the assessment limitation (or rollback) calculation for residential property. The Department has issued an Order certifying the new assessment limitation. The bill also gives local governments additional time to certify their budgets.

The Iowa Department of Revenue has released updated tax guidance addressing the electronic filing requirement for businesses, trusts, and estates. Order 2023-01 offers limited relief from the requirement that certain business entities file their returns in an electronic format.

The Iowa Department of Revenue has released new tax guidance addressing the electronic filing requirement for businesses, trusts, and estates. Beginning in 2023, certain business entities are required to file their 2022 and later Iowa income tax returns electronically.

With tax filing season upon us, the Iowa Department of Revenue is reminding Iowans of the many resources available that can assist taxpayers with filing their tax return. The Department will begin processing returns at the same time as the IRS on February 12. This is because Iowa taxpayers are required to provide their federal return with their Iowa return. Iowa income tax returns are due on April 30.

The Department has updated its Iowa Composite Return tax guidance. Notably, a new exemption from filing tax year 2022 Iowa Composite Returns (IA PTE-C) is provided for the following pass-through entities:

The Iowa Department of Revenue has released new tax guidance as it relates to the Farm to Food Donation Tax Credit.