HF1024 • 2026

A bill for an act excluding overtime pay from the individual income tax, and including applicability provisions.(Formerly HF 110 .)

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: COMMITTEE ON WAYS AND MEANS
Last action: 2025-05-15
Official status: Rereferred to Ways and Means. H.J. 1222 .
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

A bill for an act excluding overtime pay from the individual income tax, and including applicability provisions.(Formerly HF 110 .)

What This Bill Does

A bill for an act excluding overtime pay from the individual income tax, and including applicability provisions.(Formerly HF 110 .)

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-05-15 Iowa Legislature
Rereferred to Ways and Means. H.J. 1222 .
2025-04-22 Iowa Legislature
Fiscal note .
2025-04-17 Iowa Legislature
Introduced, placed on Ways and Means calendar. H.J. 987 .

Official Summary Text

A bill for an act excluding overtime pay from the individual income tax, and including applicability provisions.(Formerly HF 110 .)

Current Bill Text

Read the full stored bill text

House

File

1024

-

Introduced

HOUSE

FILE

1024

BY

COMMITTEE

ON

WAYS

AND

MEANS

(SUCCESSOR

TO

HF

110)

A

BILL

FOR

An

Act

excluding

overtime

pay

from

the

individual

income

tax,

1

and

including

applicability

provisions.

2

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

3

TLSB

2256HV

(1)

91

jm/jh

H.F.

1024

Section

1.

Section

422.7,

Code

2025,

is

amended

by

adding

1

the

following

new

subsection:

2

NEW

SUBSECTION

.

45.

Subtract,

to

the

extent

included,

3

the

portion

of

compensation

that

is

authorized

pursuant

to

29

4

U.S.C.

§207

to

be

earned

at

not

less

than

one

and

one-half

5

times

the

regular

rate

at

which

the

person

is

employed.

6

Sec.

2.

APPLICABILITY.

This

Act

applies

to

tax

years

7

beginning

on

or

after

January

1,

2026.

8

EXPLANATION

9

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

10

the

explanation’s

substance

by

the

members

of

the

general

assembly.

11

This

bill

excludes

overtime

pay

from

the

individual

income

12

tax.

The

bill

excludes

from

the

individual

income

tax

the

13

portion

of

compensation

that

is

authorized

pursuant

to

29

14

U.S.C.

§207

to

be

earned

at

not

less

than

one

and

one-half

15

times

the

regular

rate

at

which

the

person

is

employed.

16

The

bill

applies

to

tax

years

beginning

on

or

after

January

17

1,

2026.

18

-1-

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1