Iowa Administrative Code Title 701 — Department of Revenue

Iowa Admin. Code r. 701—302.36(422) — 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.

Last amended: This rule is intended to implement Iowa Code sections 175.17 and 422.7. [Editorial change: IAC Supplement 11/2/22]

Source: official text