HF497 • 2026

A bill for an act relating to the administration of tax returns by the department of revenue, and including effective date and 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: JACOBY
Last action: 2025-03-12
Official status: Tabled until future meeting.
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 relating to the administration of tax returns by the department of revenue, and including effective date and retroactive applicability provisions.

What This Bill Does

A bill for an act relating to the administration of tax returns by the department of revenue, and including effective date and 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

2025-03-12 Iowa Legislature
Tabled until future meeting.
2025-03-10 Iowa Legislature
Subcommittee Meeting: 03/12/2025 12:30PM House Lounge.
2025-02-26 Iowa Legislature
Subcommittee: Bloomingdale, Hermanson and Jacoby. H.J. 441 .
2025-02-20 Iowa Legislature
Introduced, referred to Ways and Means. H.J. 374 .

Official Summary Text

A bill for an act relating to the administration of tax returns by the department of revenue, and including effective date and retroactive applicability provisions.

Current Bill Text

Read the full stored bill text

House

File

497

-

Introduced

HOUSE

FILE

497

BY

JACOBY

A

BILL

FOR

An

Act

relating

to

the

administration

of

tax

returns

by

the

1

department

of

revenue,

and

including

effective

date

and

2

retroactive

applicability

provisions.

3

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

4

TLSB

2438YH

(4)

91

jm/jh

H.F.

497

Section

1.

NEW

SECTION

.

421.72

Rounding

to

the

nearest

1

whole

dollar.

2

1.

For

any

return

a

taxpayer

may

round

to

the

nearest

whole

3

dollar

amount

when

entering

an

amount

on

a

line

on

the

return,

4

but

in

doing

so

the

taxpayer

must

then

round

each

amount

5

entered

on

a

line

on

the

return

to

the

nearest

whole

dollar.

6

2.

If

a

taxpayer

is

required

to

calculate

two

or

more

7

figures

together

to

enter

an

amount

on

a

line

on

a

return,

the

8

taxpayer

must

include

cents

for

each

figure

in

the

calculation

9

but

may

round

that

calculated

amount

to

the

nearest

whole

10

dollar

before

entering

that

amount

on

a

line

on

the

return.

11

Sec.

2.

EFFECTIVE

DATE.

This

Act,

being

deemed

of

immediate

12

importance,

takes

effect

upon

enactment.

13

Sec.

3.

RETROACTIVE

APPLICABILITY.

This

Act

applies

14

retroactively

to

January

1,

2025,

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

relates

to

the

administration

of

tax

returns

by

the

20

department

of

revenue.

21

The

bill

specifies

that

for

any

return,

a

taxpayer

may

round

22

to

the

nearest

whole

dollar

amount

when

entering

an

amount

on

23

the

return,

but

in

doing

so

the

taxpayer

must

then

round

each

24

amount

entered

on

the

return

to

the

nearest

whole

dollar.

25

If

a

taxpayer

is

required

to

calculate

two

or

more

figures

26

together

to

enter

an

amount

on

the

return,

the

taxpayer

must

27

include

cents

for

each

figure

when

calculating

the

figures

28

together,

but

may

round

the

calculated

amount

to

the

nearest

29

whole

dollar

before

entering

that

amount

on

the

return.

30

The

bill

applies

retroactively

to

January

1,

2025,

for

tax

31

years

beginning

on

or

after

that

date.

32

-1-

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2438YH

(4)

91

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