Iowa Admin. Code r. 701-602.15
Current through Register Vol. 47, No. 13, December 25, 2024
There is no provision in the Iowa franchise tax law to allow financial institutions to file consolidated Iowa franchise tax returns with another financial institution or another corporation as defined in Iowa Code section 422.32. In the absence of any statutory authority for allowing consolidated Iowa franchise tax returns, separate Iowa franchise tax returns must be filed.
This rule is intended to implement Iowa Code sections 421.14 and 422.68(1).
Iowa Admin. Code r. 701-602.15
Editorial change: IAC Supplement 11/2/22