Statutes, codes, and regulations
Iowa Administrative Code
Agency 701 - REVENUE DEPARTMENTTitle IV - INDIVIDUAL INCOME TAX
Chapter 302 - DETERMINATION OF NET INCOME
Rule 701-302.39 - Exemption of interest from bonds or notes issued to fund the 911 emergency telephone system

Iowa Admin. Code r. 701-302.39

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Current through Register Vol. 47, No. 11, December 11, 2024
Rule 701-302.39 - Exemption of interest from bonds or notes issued to fund the 911 emergency telephone system

Interest received on or after May 4, 1990, from bonds or notes issued by the Iowa finance authority to fund the 911 emergency telephone system is exempt from the state income tax.

This rule is intended to implement Iowa Code sections 422.7 and 477B.20.

Iowa Admin. Code r. 701-302.39

ARC 4309C, IAB 2/13/19, effective 3/20/19; Editorial change: IAC Supplement 11/2/22