Iowa Code § 422.5A
Tax rates. Repealed by 2024 Acts, ch 1094, §15 – 17
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2026
As of January 1, 2023
1. a. The tax imposed in section 422.5 shall be calculated using the following rates in the following tax years in the case of married persons filing jointly:
(1) For the tax year beginning on or after January 1, 2023, but before January 1, 2024:
(a) On taxable income from 0 through $12,000, the rate of 4.40 percent.
(b) On taxable income exceeding $12,000 but not exceeding $60,000, the rate of 4.82 percent.
(c) On taxable income exceeding $60,000 but not exceeding $150,000, the rate of 5.70 percent.
(d) On taxable income exceeding $150,000, the rate of 6.00 percent.
(2) For the tax year beginning on or after January 1, 2024, but before January 1, 2025:
(a) On taxable income from 0 through $12,000, the rate of 4.40 percent.
(b) On taxable income exceeding $12,000 but not exceeding $60,000, the rate of 4.82 percent.
(c) On taxable income exceeding $60,000, the rate of 5.70 percent.
(3) For the tax year beginning on or after January 1, 2025, but before January 1, 2026:
(a) On taxable income from 0 through $12,000, the rate of 4.40 percent.
(b) On taxable income exceeding $12,000, the rate of 4.82 percent.
b. The tax imposed in section 422.5 shall be calculated using the following rates in the following tax years in the case of any other taxpayer other than married persons filing jointly:
(1) For the tax year beginning on or after January 1, 2023, but before January 1, 2024:
(a) On taxable income from 0 through $6,000, the rate of 4.40 percent.
(b) On taxable income exceeding $6,000 but not exceeding $30,000, the rate of 4.82 percent.
(c) On taxable income exceeding $30,000 but not exceeding $75,000, the rate of 5.70 percent.
(d) On taxable income exceeding $75,000, the rate of 6.00 percent.
(2) For the tax year beginning on or after January 1, 2024, but before January 1, 2025:
(a) On taxable income from 0 through $6,000, the rate of 4.40 percent.
(b) On taxable income exceeding $6,000 but not exceeding $30,000, the rate of 4.82 percent.
(c) On taxable income exceeding $30,000, the rate of 5.70 percent.
(3) For the tax year beginning on or after January 1, 2025, but before January 1, 2026:
(a) On taxable income from 0 through $6,000, the rate of 4.40 percent.
(b) On taxable income exceeding $6,000, the rate of 4.82 percent.
2. This section is repealed January 1, 2026.
[ ()]2022 amendment effective January 1, 2023, and applies to tax years beginning on or after January 1, 2023; 2022 Acts, ch 1002, §17, 18
[ ()]Section stricken and rewritten
2024 repeal applies to tax years beginning on or after January 1, 2025; 2024 Acts, ch 1094, §17
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.