Iowa Admin. Code r. 701-602.9 - Work opportunity tax credit
Where a financial institution claims the federal work opportunity tax credit as provided in Section 51 of the Internal Revenue Code, the amount of credit allowable shall be a deduction from Iowa taxable income to the extent the credit increased federal taxable income.
This rule is intended to implement Iowa Code sections 422.35 and 422.61.
Notes
Editorial change: IAC Supplement 11/2/22
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