SSB1127 — A bill for an act relating to decoupling federal additional first-year depreciation for Iowa tax purposes, and including effective date and retroactive applicability provisions.

SSB1127 — A bill for an act relating to decoupling federal additional first-year depreciation for Iowa tax purposes, and including effective date and retroactive applicability provisions. · Informed CitizenryThis bill decouples Iowa state tax law from federal rules regarding additional first-year depreciation (bonus depreciation) for qualified property placed in service after December 31, 2022. It allo…Open in Informed Citizenry