HF352 — A bill for an act relating to an entity-level taxation election for pass-through entities and allowing a partner or shareholder to claim a credit against the individual and corporate income taxes and the franchise tax, and including effective date and retroactive applicability provisions.

HF352 — A bill for an act relating to an entity-level taxation election for pass-through entities and allowing a partner or shareholder to claim a credit against the individual and corporate income taxes and the franchise tax, and including effective date and retroactive applicability provisions. · Informed CitizenryHouse File 352 establishes an entity-level taxation election for pass-through entities, such as partnerships and S corporations, in Iowa. Under this provision, a taxpayer may elect to be subject to…Open in Informed Citizenry