The bill establishes new radon mitigation requirements for residential construction in Iowa, mandating that all new single-family and two-family homes include passive radon mitigation methods. This requirement will apply only to construction that begins after the adoption of the new regulations. Additionally, the bill introduces a radon mitigation system tax credit, which allows taxpayers to reduce their individual and corporate income taxes by the cost of purchasing and installing a radon mitigation system, up to a maximum of one thousand dollars.

Furthermore, the bill includes provisions for retroactive applicability, meaning that the tax credit and the associated amendments to the tax code will apply to tax years starting on or after January 1, 2025. This ensures that individuals and businesses can benefit from the tax credit for any qualifying radon mitigation systems installed during that time frame. The legislation aims to promote public health by addressing radon exposure in residential properties while providing financial incentives for mitigation efforts.

Statutes affected:
Introduced: 422.12
Reprinted: 422.12