IA HF2225

Creates a new individual income tax credit equal to 100% of the difference between nonresident and resident tuition paid at Iowa Board of Regents institutions (University of Iowa, Iowa State, University of Northern Iowa)

Eligible recipients must be graduates within three years of claiming the credit, have remained Iowa residents since graduating, and work in Iowa as health care professionals, teachers, licensed veterinarians, or professional engineers

Excess credit amounts are not refundable but may be carried forward for up to five tax years; credit cannot be applied while the taxpayer is a nonresident

Board of Regents must publish base tuition amounts for resident and nonresident students on its website for at least the previous 10-year period

Applies retroactively to tax years beginning on or after January 1, 2026