The federal Tax Cuts and Jobs Act (TCJA), Public Law 115-97, added Section 965 to the federal Internal Revenue Code requiring U.S. shareholders to include in their federal income for the last tax year beginning before January 1, 2018, accumulated deferred foreign income. Iowa has not conformed to these TCJA changes for tax year 2017 meaning any accumulated deferred foreign income included in a taxpayer’s 2017 federal income tax return should not be included on the Iowa income tax return.