Iowa § 422.12O Employer child care tax credit

Iowa Statutes

§ 422.12O — Employer child care tax credit

Iowa § 422.12O

Title XFINANCIAL RESOURCES

Ch. 422INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES

This text of Iowa § 422.12O (Employer child care tax credit) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 422.12O (2026).

Text

1.Thetaxesimposedunderthissubchapter, lessthecreditsallowedundersection422.12, shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31.

2.An individual may claim the tax credit allowed a partnership, S corporation, limited liability company, estate, or trust electing to have the income taxed directly to the individual. The amount claimed by the individual shall be based upon the pro rata share of the individual’s earnings of a partnership, S corporation, limited liability company, estate, or trust. §422.12O, INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES 46

3.This section is repealed January 1, 2031.

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1. Thetaxesimposedunderthissubchapter, lessthecreditsallowedundersection422.12,
shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31.
2. An individual may claim the tax credit allowed a partnership, S corporation, limited
liability company, estate, or trust electing to have the income taxed directly to the individual.
The amount claimed by the individual shall be based upon the pro rata share of the
individual’s earnings of a partnership, S corporation, limited liability company, estate, or
trust.
§422.12O, INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES 46
3. This section is repealed January 1, 2031.