HF2482 • 2026

A bill for an act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.

Taxes

Passed Legislature

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

Sponsor: WILSON
Last action: 2026-02-16
Official status: Introduced, referred to Ways and Means. H.J. 296 .
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 exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.

What This Bill Does

A bill for an act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.

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

2026-02-16 Iowa Legislature
Introduced, referred to Ways and Means. H.J. 296 .

Official Summary Text

A bill for an act exempting from state income tax income received by a certified public accountant performing certain audits or examinations of governmental subdivisions, and including retroactive applicability provisions.

Current Bill Text

Read the full stored bill text

House

File

2482

-

Introduced

HOUSE

FILE

2482

BY

WILSON

A

BILL

FOR

An

Act

exempting

from

state

income

tax

income

received

by

a

1

certified

public

accountant

performing

certain

audits

or

2

examinations

of

governmental

subdivisions,

and

including

3

retroactive

applicability

provisions.

4

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

5

TLSB

6171YH

(1)

91

jm/jh

H.F.

2482

Section

1.

Section

11.6,

subsection

2,

Code

2026,

is

amended

1

to

read

as

follows:

2

2.

a.

A

governmental

subdivision

contracting

with

certified

3

public

accountants

shall

do

so

in

a

reasonable

manner

on

the

4

basis

of

competence

and

qualification

for

the

services

required

5

and

for

a

fair

and

reasonable

price

utilizing

procedures

which

6

include

a

written

request

for

proposals.

7

b.

Income

received

by

a

certified

public

accountant

8

performing

an

audit

or

examination

of

a

governmental

9

subdivision

pursuant

to

this

section

shall

be

exempt

from

10

taxation

under

section

422.7

or

422.33,

as

applicable.

11

Sec.

2.

Section

422.7,

Code

2026,

is

amended

by

adding

the

12

following

new

subsection:

13

NEW

SUBSECTION

.

46.

Subtract,

to

the

extent

included,

14

income

received

by

a

certified

public

accountant

performing

an

15

audit

or

examination

of

a

governmental

subdivision

pursuant

to

16

section

11.6.

17

Sec.

3.

Section

422.35,

Code

2026,

is

amended

by

adding

the

18

following

new

subsection:

19

NEW

SUBSECTION

.

14.

Subtract,

to

the

extent

included,

20

income

received

by

a

certified

public

accountant

performing

an

21

audit

or

examination

of

a

governmental

subdivision

pursuant

to

22

section

11.6.

23

Sec.

4.

RETROACTIVE

APPLICABILITY.

This

Act

applies

24

retroactively

to

January

1,

2026,

for

tax

years

beginning

on

25

or

after

that

date.

26

EXPLANATION

27

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

28

the

explanation’s

substance

by

the

members

of

the

general

assembly.

29

This

bill

exempts

from

state

income

tax

under

Code

sections

30

422.7

(individual)

and

422.35

(corporate),

as

applicable,

31

income

received

by

a

certified

public

accountant

performing

an

32

audit

or

examination

of

a

governmental

subdivision

under

Code

33

section

11.6.

34

The

bill

applies

retroactively

to

tax

years

beginning

on

or

35

-1-

LSB

6171YH

(1)

91

jm/jh

1/

2

H.F.

2482

after

January

1,

2026.

1

-2-

LSB

6171YH

(1)

91

jm/jh

2/

2