Pass-Through Entity Tax (PTET)

House File 352 created a voluntary election for a partnership or S corporation to be subject to Iowa tax at the entity level. The legislation applies retroactively to tax years beginning on or after January 1, 2022. This guidance describes the new elective Pass-Through Entity Tax and certain filing procedures being developed to implement the tax.

Tax Publication Category
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Source URL: https://tax.iowa.gov/node/5365