HSB229 — A bill for an act relating to deducting excess business losses for purposes of the individual income tax, and including retroactive applicability provisions.

HSB229 — A bill for an act relating to deducting excess business losses for purposes of the individual income tax, and including retroactive applicability provisions. · Informed CitizenryThis bill amends Iowa Code Section 422.7 to modify how federal net operating loss deductions are treated for individual income tax purposes. Specifically, it allows for the deduction of federal net…Open in Informed Citizenry