Iowa § 28A.24 - 28A.24 Exemption from taxation.
Full text of Iowa Iowa Code § 28A.24 — 28A.24 Exemption from taxation., with citation guidance and answers to common questions.
§ 28A.24. 28A.24 Exemption from taxation.
Since an authority is performing essential governmental functions, an authority is not required to pay any taxes or assessments of any kind or nature upon any property required or used by it for its purposes, or any rates, fees, rentals, receipts, or incomes at any time received by it, and the bonds issued by an authority, their transfer, and the income, including any profits made on the sale of the bonds, is deductible in determining net income for the purposes of the state individual and corporate income tax under chapter 422, subchapters II and III, and shall not be taxed by any political subdivision of this state. 91 Acts, ch 198, §23 CS91, §330B.24 C93, §28A.24 2013 Acts, ch 30, §8; 2020 Acts, ch 1062, §94 Referred to in §422.7(2)(h) Wed Dec 10 22:14:58 2025 Iowa Code 2026, Section 28A.24 (28, 3)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 28A.24
What does Iowa Code § 28A.24 cover?
Section 28A.24 ("28A.24 Exemption from taxation.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 28A.24?
A common citation format is "Iowa Code § 28A.24" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 28A.24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.