Net income for state individual income tax purposes shall mean federal adjusted gross income as properly computed under the Internal Revenue Code and shall include the adjustments in 701-40.2 (422) to 701-40.9 (422). The remaining provisions of this rule and 701-40.12 (422) to 701-40.79 (422) shall also be applicable in determining net income.
This rule is intended to implement Iowa Code section 422.7.
Iowa Admin. Code r. 701-302.1