This bill amends Section 422.7 of the Iowa Code to introduce a new subsection that allows individual income taxpayers to deduct expenses paid to licensed nursing facilities for health-related care and services. Specifically, it defines a nursing facility as one licensed under chapter 135C and permits taxpayers to subtract these expenses from their taxable income, provided they have not already deducted them for federal income tax purposes.

Additionally, the bill includes a retroactive applicability provision, meaning that the new deduction will apply to tax years beginning on or after January 1, 2025. This allows taxpayers to benefit from the deduction for expenses incurred in nursing facilities during that time frame.

Statutes affected:
Introduced: 422.7