Statutes, codes, and regulations
Iowa Administrative Code
Agency 701 - REVENUE DEPARTMENTTitle IV - INDIVIDUAL INCOME TAX
Chapter 302 - DETERMINATION OF NET INCOME
Rule 701-302.36 - Exemption of interest earned on bonds issued to finance beginning farmer loan program

Iowa Admin. Code r. 701-302.36

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Current through Register Vol. 47, No. 11, December 11, 2024
Rule 701-302.36 - Exemption of interest earned on bonds issued to finance beginning farmer loan program

Interest earned on or after July 1, 1989, from bonds or notes issued by the agricultural development authority to finance the beginning farmer loan program is exempt from the state income tax.

This rule is intended to implement Iowa Code sections 175.17 and 422.7.

Iowa Admin. Code r. 701-302.36

Editorial change: IAC Supplement 11/2/22