Section 422.5A - [Repealed Effective 1/1/2025] Tax rates1.a. The tax imposed in section 422.5 shall be calculated using the following rates in the following tax years in the case of married persons filing jointly:(1) For the tax year beginning on or after January 1, 2023, but before January 1, 2024: (a) On taxable income from 0 through $12,000, the rate of 4.40 percent.(b) On taxable income exceeding $12,000 but not exceeding $60,000, the rate of 4.82 percent.(c) On taxable income exceeding $60,000 but not exceeding $150,000, the rate of 5.70 percent.(d) On taxable income exceeding $150,000, the rate of 6.00 percent.(2) For the tax year beginning on or after January 1, 2024, but before January 1, 2025: (a) On taxable income from 0 through $12,000, the rate of 4.40 percent.(b) On taxable income exceeding $12,000 but not exceeding $60,000, the rate of 4.82 percent.(c) On taxable income exceeding $60,000, the rate of 5.70 percent.(3) For the tax year beginning on or after January 1, 2025, but before January 1, 2026: (a) On taxable income from 0 through $12,000, the rate of 4.40 percent.(b) On taxable income exceeding $12,000, the rate of 4.82 percent.b. The tax imposed in section 422.5 shall be calculated using the following rates in the following tax years in the case of any other taxpayer other than married persons filing jointly: (1) For the tax year beginning on or after January 1, 2023, but before January 1, 2024: (a) On taxable income from 0 through $6,000, the rate of 4.40 percent.(b) On taxable income exceeding $6,000 but not exceeding $30,000, the rate of 4.82 percent.(c) On taxable income exceeding $30,000 but not exceeding $75,000, the rate of 5.70 percent.(d) On taxable income exceeding $75,000, the rate of 6.00 percent.(2) For the tax year beginning on or after January 1, 2024, but before January 1, 2025: (a) On taxable income from 0 through $6,000, the rate of 4.40 percent.(b) On taxable income exceeding $6,000 but not exceeding $30,000, the rate of 4.82 percent.(c) On taxable income exceeding $30,000, the rate of 5.70 percent.(3) For the tax year beginning on or after January 1, 2025, but before January 1, 2026: (a) On taxable income from 0 through $6,000, the rate of 4.40 percent.(b) On taxable income exceeding $6,000, the rate of 4.82 percent.2. This section is repealed January 1, 2026. 2018 Acts, ch 1161, § 73, 97, 98; 2022 Acts, ch 1002, §15, 17, 18
Repealed by 2024 Iowa, ch Chapter 1094,s 15, eff. 1/1/2025.Amended by 2022 Iowa, ch 1002, s 15, eff. 1/1/2023, app. to tax years beginning on or after January 1, 2023.Amended by 2018 Iowa, ch 1161, s 107, eff. 1/1/2023.Added by 2018 Iowa, ch 1161, s 73, eff. 1/1/2019.Referred to in §421.27, 422.5, 422.16, 422.16B, 422.16C, 422.25A
2022 amendment effective January 1, 2023, and applies to tax years beginning on or after January 1, 2023; 2022 Acts, ch 1002, §17, 18