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.

Summary

The bill removes state income tax on fees earned by certified public accountants who conduct audits or examinations for Iowa governmental subdivisions. It applies to both individual and corporate taxpayers and is retroactive to tax years beginning on or after Jan. 1, 2026. The measure is intended to encourage qualified CPA services for local governments.

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