Read the full stored bill text
House
File
2225
-
Introduced
HOUSE
FILE
2225
BY
BARKER
,
LATHAM
,
INGELS
,
BRADLEY
,
WELDON
,
HORA
,
BERGAN
,
ZABNER
,
BLOM
,
WILLIAMS
,
DUNWELL
,
MOMMSEN
,
WOOD
,
GEARHART
,
VONDRAN
,
GUSTOFF
,
GERHOLD
,
WENGRYN
,
LARSON
,
C.
JOHNSON
,
SIECK
,
and
SMITH
A
BILL
FOR
An
Act
creating
a
new
graduate
nonresident
tuition
tax
credit
1
available
against
the
individual
income
tax,
and
including
2
retroactive
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
NEW
SECTION
.
422.12R
New
graduate
nonresident
1
tuition
tax
credit.
2
1.
For
purposes
of
this
section:
3
a.
“Health
care
professional”
means
an
individual
who
is
4
licensed,
certified,
or
otherwise
authorized
or
permitted
by
5
the
law
of
this
state
to
administer
health
care
in
the
ordinary
6
course
of
business
or
in
the
practice
of
a
profession.
7
b.
“Institution”
means
an
institution
of
higher
education
8
governed
by
the
board
of
regents.
9
c.
“Licensed
veterinarian”
means
a
person
who
is
validly
and
10
currently
licensed
to
practice
veterinary
medicine
in
the
state
11
of
Iowa.
12
d.
“New
graduate”
means
an
individual
who
is
a
graduate
13
of
an
institution
within
three
years
of
first
claiming
the
14
nonresident
tuition
tax
credit,
who
has
been
a
resident
of
and
15
employed
in
this
state
since
graduating,
and
who
is
employed
as
16
a
health
care
professional,
teacher,
licensed
veterinarian,
or
17
professional
engineer
in
this
state.
18
e.
“Professional
engineer”
means
an
individual
engaged
in
19
the
practice
of
engineering
as
defined
in
section
542B.2
who
is
20
issued
a
certificate
of
licensure
as
a
professional
engineer
21
pursuant
to
section
542B.17.
22
f.
“Teacher”
means
a
teacher
licensed
under
chapter
256.
23
2.
a.
The
taxes
imposed
under
this
subchapter,
less
the
24
credits
allowed
under
section
422.12,
shall
be
reduced
by
25
a
new
graduate
nonresident
tuition
tax
credit
equal
to
one
26
hundred
percent
of
the
difference
between
the
base
tuition
27
paid
by
a
new
graduate
as
a
nonresident
student
enrolled
at
28
an
institution
and
the
base
tuition
amount
paid
by
a
resident
29
student
at
the
same
institution
for
the
same
school
year
during
30
the
years
of
attendance
by
the
new
graduate.
31
b.
The
board
of
regents
shall
post
on
the
board
of
regents’
32
internet
site
the
base
tuition
amounts
for
nonresident
and
33
resident
students
at
each
institution
from
at
least
the
34
previous
ten-year
period.
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3.
Any
new
graduate
nonresident
tuition
tax
credit
in
excess
1
of
the
tax
liability
is
not
refundable.
Any
credit
in
excess
2
of
the
tax
liability
for
the
tax
year
may
be
credited
to
the
tax
3
liability
for
the
following
five
tax
years
or
until
depleted,
4
whichever
is
the
earlier.
However,
any
credit
in
excess
of
tax
5
liability
shall
not
be
credited
to
or
deplete
tax
liability
on
6
the
return
of
a
nonresident.
7
4.
Married
taxpayers
electing
to
file
separate
returns
or
8
filing
separately
on
a
combined
return
may
avail
themselves
of
9
the
new
graduate
nonresident
tuition
tax
credit
by
allocating
10
the
new
graduate
nonresident
tuition
tax
credit
to
each
spouse
11
in
the
proportion
that
each
spouse’s
respective
earned
income
12
bears
to
the
total
combined
earned
income.
13
Sec.
2.
RETROACTIVE
APPLICABILITY.
This
Act
applies
14
retroactively
to
January
1,
2026,
for
tax
years
beginning
on
15
or
after
that
date.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
creates
a
new
graduate
nonresident
tuition
tax
20
credit
available
against
the
individual
income
tax.
21
The
bill
defines
“institution”
to
mean
an
institution
of
22
higher
education
governed
by
the
board
of
regents.
23
The
bill
defines
“new
graduate”
to
mean
an
individual
who
24
is
a
graduate
of
an
institution
within
three
years
of
claiming
25
the
credit,
who
has
been
a
resident
of
and
employed
in
this
26
state
since
graduating,
and
who
is
employed
as
a
health
care
27
professional,
teacher,
licensed
veterinarian,
or
professional
28
engineer
in
this
state.
29
The
bill
specifies
that
a
new
graduate
may
claim
the
new
30
graduate
nonresident
tuition
tax
credit
that
is
equal
to
31
100
percent
of
the
difference
between
the
base
tuition
paid
32
by
the
new
graduate
as
a
nonresident
student
enrolled
at
an
33
institution
and
the
base
tuition
amount
paid
by
a
resident
34
student
at
the
same
institution
for
the
same
school
year
during
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the
years
of
attendance
by
the
new
graduate.
1
The
bill
requires
the
board
of
regents
to
post
on
the
2
board
of
regents’
internet
site
the
base
tuition
amounts
for
3
nonresident
and
resident
students
at
each
institution
from
at
4
least
the
previous
10-year
period.
5
Any
new
graduate
nonresident
tax
credit
in
excess
of
the
tax
6
liability
is
not
refundable.
The
bill
specifies
any
credit
in
7
excess
of
the
tax
liability
for
the
tax
year
may
be
credited
8
to
the
tax
liability
for
the
following
five
tax
years
or
until
9
depleted,
whichever
is
the
earlier.
However,
any
credit
in
10
excess
of
tax
liability
shall
not
be
credited
to
or
deplete
11
future
tax
liability
on
the
return
of
a
new
graduate
who
12
becomes
a
nonresident.
13
The
bill
applies
retroactively
to
tax
years
beginning
on
or
14
after
January
1,
2026.
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