Iowa Admin. Code r. 701-40.36

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 701-40.36 - Exemption of interest earned on bonds issued to finance beginning farmer loan program

Interest earned on or after July 1, 1989, from bonds or notes issued by the agricultural development authority to finance the beginning farmer loan program is exempt from the state income tax.

This rule is intended to implement Iowa Code sections 17517. and 4227..