Statutes, codes, and regulations
Iowa Administrative Code
Agency 701 - REVENUE DEPARTMENTTitle I - ADMINISTRATION
Chapter 40 - DETERMINATION OF NET INCOME
Rule 701-40.39 - Exemption of interest from bonds or notes issued to fund the 911 emergency telephone system

Iowa Admin. Code r. 701-40.39

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Current through Register Vol. 47, No. 6, September 18, 2024
Rule 701-40.39 - Exemption of interest from bonds or notes issued to fund the 911 emergency telephone system

Interest received on or after May 4, 1990, from bonds or notes issued by the Iowa finance authority to fund the 911 emergency telephone system is exempt from the state income tax.

This rule is intended to implement Iowa Code sections 4227. and 477B.20.

Iowa Admin. Code r. 701-40.39

Amended by IAB February 13, 2019/Volume XLI, Number 17, effective 3/20/2019