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The Iowa Department of Revenue has submitted new proposed rules to the Iowa Legislature, available for public comment through February 5, 2024. These proposed rules are being promulgated as part of the Department's Executive Order 10 review. See individual notices for details.
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Property Assessment Appeal Board
These proposed rules primarily implement Iowa Code sections 421.1A, 441.37A, and 441.37B. They establish necessary processes for adjudication of contested case appeals before the Property Assessment Appeal Board (PAAB). This rulemaking is proposed pursuant to Executive Order 10. A Regulatory Analysis, including the proposed rule text, was published on September 20, 2023. A public hearing was held on October 12, 2023. No public comments directly related to the Regulatory Analysis were received at the hearing or in writing; however, other general comments were received and considered by the PAAB. The Administrative Rules Coordinator provided preclearance for publication of this Notice of Intended Action on November 3, 2023.
The Department previously submitted the following proposed rules to the Iowa Legislature. The following has been adopted and filed, effective February 14, 2024.
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Retirement Income Exclusion
This rulemaking is intended to implement the statutory change to the retirement income exclusion from a partial to a full exclusion for qualifying taxpayers receiving distributions from qualifying plans. This rulemaking identifies certain plans that do and do not qualify for the exclusion as well as defining how survivors with an insurable interest may qualify for the exclusion. It also updates what items of income are and are not required to be added back to Iowa taxable income to determine whether a taxpayer has a filing requirement, including eliminating excluded retirement income from the required add backs. Finally, this rulemaking updates rules related to withholding to implement the full exclusion for retirement income described above.
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The mission of the Iowa Department of Revenue is to serve Iowans and support state government by collecting all taxes required by law, but no more.
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