Iowa Administrative Code
Agency 223 - Historical Division
Chapter 48 - Historic Preservation and Cultural and Entertainment District Tax Credits
Rule 223-48.15 - Tax Credits in Excess of Tax Liability
Universal Citation: IA Admin Code 223-48.15
Current through Register Vol. 47, No. 6, September 18, 2024
(1) An applicant whose tax credit exceeds the tax liability in the tax year for which the tax credit may be redeemed is entitled to a refund of the excess tax credit with interest under Iowa Code section 422.25. See also administrative rules of the department of revenue, particularly rules 701-42.19(404A,422) and 701-52.18 (404A,422).
(2) In lieu of a refund, the applicant may have the excess tax credit applied to the tax liability for the following year.
Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
