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IA HF682
Bill
Status
2/28/2025
Primary Sponsor
Jeff Cooling
Click for details
AI Summary
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Beginning July 1, 2025, state departments must recapture the value of tax expenditures from businesses that violate state or federal child labor laws under Iowa Code chapter 92 or the Fair Labor Standards Act of 1938
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Tax expenditures subject to recapture include tax credits, exemptions, deductions, rebates, and sales tax refunds authorized through state-administered programs
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Violations by contractors, subcontractors, or third parties providing services at a business's facility also trigger recapture requirements against the recipient business
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Businesses must notify the administering department within 30 days after the time period to contest or appeal a child labor violation has ended
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Unpaid recapture amounts are treated as tax payments due to the Department of Revenue, and counties may take action to recover property taxes not collected due to exemptions provided to the violating business
Legislative Description
A bill for an act relating to the recapture of tax expenditures and disbursed by departments of the state to businesses that violate child labor laws.
Last Action
Introduced, referred to State Government. H.J. 479.
2/28/2025