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Ways & Means Committee – Week 18, 2021 News Provided By Share This Article Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers” that must be met to move to the contingent individual income tax system established under SF 2417 in 2018, and make the new system effective for Tax Year 2023. Under SF 2417, the contingent tax system only goes into effect after TY 2023 when two conditions are met: General Fund net receipts for FY22 (or after) exceed $8.31 billion; and net General Fund receipts for that year grow at least 4% above the year prior (equal to or more than 104% of previous year’s net receipts).

Iowa state universityUnited statesEnergy revolving loan programRegional service fundEviction prevention programIowa economic development authorityCommunity housingInnovation fund investment taxFiscal committee of the legislative councilDisability servicesDisaster homeowner assistance fundTechnology investment programServices agencyDisabilities revolving loan program fundRedevelopment tax credit programServices revolving loan program fund