2021 Iowa Legislative Session – Week Four Summary

By: Amanda Loder | 02.05.2021

This week the Senate began considering two far-reaching bills proposed by Governor Kim Reynolds that would address the affordable housing shortage and policing issues. SSB 1142 is aimed at increasing affordable housing stock largely through tax credits. The bill would establish a new $15 million low-income housing credit designed to match a federal credit. It Read…

2021 Iowa Legislative Session – Week Three Summary

By: Amanda Loder | 01.29.2021

This week Republican lawmakers moved rapidly on two of Governor Kim Reynolds’ highest priorities, with Reynolds signing one of the bills this morning. SF 160 requires all schools to offer 100% in-person learning. Schools can continue offering additional online or hybrid options, and the waiver process for coronavirus outbreaks remains the same. Senate Republicans approved Read…

Iowa Tax Update for COVID-19

By: Maggie Simonson | 05.07.2020

  Filing and Tax Payment Extensions to July 31, 2020 and Possibly January 31, 2021 The Iowa Department of Revenue has extended the tax return filing and payment deadline to July 31, 2020 for certain individual, composite (nonresident partners), partnership, corporate, S corporation, fiduciary (not including Iowa Form 706 Inheritance Tax returns), franchise, and moneys Read…

Effects of COVID-19 on 1031 Exchange Deadlines

By: Katherine McKain | 03.20.2020

  Following President Trump’s emergency declaration on March 13, 2020, with respect to the COVID-19 outbreak, the U.S. Treasury Department (the “Treasury Department”) and Internal Revenue Service (“IRS”) issued guidance on special payment relief to individuals and businesses. However, as of the date of this post, no extensions or other relief apply to 1031 exchanges. Read…