House
File
417
-
Introduced
HOUSE
FILE
417
BY
GUSTOFF
A
BILL
FOR
An
Act
modifying
the
tuition
and
textbook
tax
credit
available
1
against
the
individual
income
tax,
and
including
retroactive
2
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
2692YH
(2)
91
jm/jh
H.F.
417
Section
1.
Section
422.12,
subsection
2,
paragraph
b,
Code
1
2025,
is
amended
to
read
as
follows:
2
b.
A
tuition
credit
equal
to
twenty-five
fifty
percent
3
of
the
first
two
thousand
dollars
which
the
taxpayer
has
4
paid
to
others
for
each
dependent
in
grades
kindergarten
5
through
twelve,
for
tuition
and
textbooks
of
each
dependent
6
who
is
receiving
private
instruction
or
who
is
attending
an
7
elementary
or
secondary
school
situated
in
Iowa,
which
school
8
is
accredited
or
approved
under
section
256.11
,
which
is
not
9
operated
for
profit,
and
which
adheres
to
the
provisions
10
of
the
federal
Civil
Rights
Act
of
1964
and
chapter
216
.
11
Notwithstanding
any
other
provision,
all
other
credits
allowed
12
under
this
subsection
shall
be
deducted
before
the
tuition
13
credit
under
this
paragraph.
The
department,
when
conducting
14
an
audit
of
a
taxpayer’s
return,
shall
also
audit
the
tuition
15
tax
credit
portion
of
the
tax
return.
16
Sec.
2.
RETROACTIVE
APPLICABILITY.
This
Act
applies
17
retroactively
to
January
1,
2025,
for
tax
years
beginning
on
18
or
after
that
date.
19
EXPLANATION
20
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
21
the
explanation’s
substance
by
the
members
of
the
general
assembly.
22
Current
law
establishes
a
tuition
credit
equal
to
25
percent
23
of
the
first
$2,000
which
the
taxpayer
has
paid
to
others
for
24
each
dependent
in
grades
kindergarten
through
12,
for
tuition
25
and
textbooks
of
each
dependent
who
is
receiving
private
26
instruction
or
who
is
attending
an
elementary
or
secondary
27
school
situated
in
Iowa,
which
school
is
accredited
or
approved
28
under
Code
section
256.11,
which
is
not
operated
for
profit,
29
and
which
adheres
to
the
provisions
of
the
federal
Civil
Rights
30
Act
of
1964
and
Code
chapter
216
(Iowa
civil
rights
Act
of
31
1965).
This
bill
increases
the
amount
of
this
tax
credit
to
50
32
percent
of
the
first
$2,000.
The
bill
applies
retroactively
to
33
January
1,
2025,
for
tax
years
beginning
on
or
after
that
date.
34
-1-
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2692YH
(2)
91
jm/jh
1/
1