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The Iowa Department of Revenue has updated the Iowa Tax Research Library. A brief document summary of the addition follows. Visit the What's New section to access the full documents.
Date Updated: 08-27-2025
Tax Type: Individual Income Tax
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SANJEEV AND RAJSHRI AGARWAL (PRW) (2025)
Recipients of a renewable chemical production tax credit failed to claim the entire credit in the year the certificate was issued and sought a waiver of Iowa Administrative Code rule 701--304.56 which requires the credit to be claimed in the year of certificate issuance. The petition was denied because the rule at issue is interpretive of statute. Petitioners also requested a waiver of the statute of limitations in Iowa Code 422.73 for claims for refund on an amended return. This was also denied, because the Director has no authority to waive the statute of limitations.
The mission of the Iowa Department of Revenue is to serve Iowans through the
responsible collection and generation of revenue to support the public good.
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