Rule 701-302.75 - Exclusion of Certain Amounts Received From Iowa Veterans Trust Fund

Iowa Admin. Code r. 701-302.75
in: Rule 701-302.75 - Exclusion of Certain Amounts Received From Iowa Veterans Trust Fund
Previous Rule 701-302.74 - Exclusion for Americorps Segal Education AwardNext Rule 701-302.76 - Exemption of Active Duty Pay for Armed Forces, Armed Forces Military Reserve, or the National Guard

701—302.75(422) Exclusion of certain amounts received from Iowa veterans trust fund. For tax years beginning on or after January 1, 2010, a taxpayer may subtract, to the extent included in federal adjusted gross income, the amounts received from the Iowa veterans trust fund related to travel expenses directly related to follow-up medical care for wounded veterans and their spouses and amounts received related to unemployment assistance during a period of unemployment due to prolonged physical or mental illness or disability resulting from military service.

This rule is intended to implement Iowa Code section 422.7 as amended by 2010 Iowa Acts, House File 2532 .

[ARC 9103B, IAB 9/22/10, effective 10/27/10; Editorial change: IAC Supplement 11/2/22]

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.