SSB3105 — A bill for an act creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions.

SSB3105 — 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 create a state corporate income tax deduction for net controlled foreign corporation tested income (NCTI). The bill updates the current…Open in Informed Citizenry