A bill for an act creating a new graduate nonresident tuition tax credit available against the individual income tax, and including retroactive applicability provisions.

Summary

The bill lets a new graduate who studied as a nonresident and now lives and works in Iowa claim a credit equal to the tuition difference between nonresident and resident rates. It applies to health‑care professionals, teachers, licensed veterinarians and professional engineers, and can be carried forward up to five years. The credit is non‑refundable and the Board of Regents must publish historic tuition rates for reference.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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