HF 2152 — A bill for an act repealing the school tuition organization tax credit available against the individual and corporate income taxes and including effective date provisions.

Bill Text

• Introduced View text Current pdf

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The bill repeals the school tuition organization tax credit available against individual and corporate income taxes in Iowa.

• Section 422.11S

  The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by a school tuition organization tax credit equal to seventy-five percent of the amount of the voluntary cash or noncash contributions made by the taxpayer during the tax year to a school tuition organization before July 1, 2026, subject to the total dollar value of the organization’s tax credit certificates as computed in subsection 8.

  This change eliminates the school tuition organization tax credit that reduces income taxes based on contributions to tuition organizations.

• Section 422.11S, subsection 7, paragraph b

  The department shall authorize a school tuition organization to issue tax credit certificates for contributions made to the school tuition organization before July 1, 2026.

  This change stops the department from authorizing tax credit certificates for contributions made after July 1, 2026.

• Section 422.11S, subsection 8, paragraph a, subparagraph (2)

  for calendar years beginning on or after January 1, 2022, but before January 1, 2026, twenty million dollars, and for calendar years beginning on or after January 1, 2026, but before January 1, 2027, ten million dollars.

  This change removes the specified amounts for approved tax credits for calendar years 2022 through 2026.

• Section 422.11S

  This section is repealed July 1, 2032.

  This change establishes a future repeal date for the entire school tuition organization tax credit section.

• Section 2.48, subsection 3, paragraph b, subparagraph (3)

  subparagraph (3)

  This change removes reference to the school tuition organization tax credit in another section of the code.

• Section 22A.6, subsection 1, paragraph d

  paragraph d

  This change removes provisions related to the tax credit from another code section.

• Section 422.33, subsection 28

  subsection 28

  This change eliminates another reference related to the school tuition organization tax credit from the tax code.

Action History

1. January 26, 2026

   Introduced, referred to Education.

Sponsors

• Sean Bagniewski · Primary
• Beth Wessel-Kroeschell · Primary
• Rob Johnson · Primary
• J.D. Scholten · Primary
• Larry McBurney · Primary
• Ross Wilburn · Primary
• Bob Kressig · Primary
• Jennifer Konfrst · Primary
• Brian Meyer · Primary
• Elizabeth Wilson · Primary
• Jerome Amos Jr. · Primary
• Aime Wichtendahl · Primary
• Elinor A. Levin · Primary
• Monica Kurth · Primary
• Mary Lee Madison · Primary
• Tracy A. Ehlert · Primary
• Heather Matson · Primary
• Angel Ramirez · Primary

Votes

Subjects