Iowa Code § 422.12O — Employer child care tax credit

1. The taxes imposed under this subchapter , less the credits allowed under section 422.12 , shall be reduced by an employer child care tax credit allowed pursuant to section 237A .31 . 2. An individual may claim the tax credit allowed a partnership, S corporation, limited liability company , estate, or trust electing to have the income taxed directly to the individual. The amount claimed by the individual shall be based upon the pro rata share of the individual’s earnings of a partnership, S corporation, limited liability company , estate, or trust. 3. This section is repealed January 1, 2031. 2022 Acts, ch 1148, §23, 28