SF2492 — A bill for an act creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions.

SF2492 — A bill for an act creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions. · Informed CitizenryThis bill amends Iowa Code section 422.35, subsection 12, to update the state corporate income tax deduction regarding income from controlled foreign corporations. The bill replaces the specific re…Open in Informed Citizenry