1. 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.

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Terms Used In Iowa Code 422.5A

  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • year: means twelve consecutive months. See Iowa Code 4.1
 2. This section is repealed January 1, 2026.