| 3 | | - | H.F. 1027 Section 1. NEW SECTION . 103A.8E Radon mitigation 1 requirements. 2 The commissioner shall adopt as part of the state building 3 code a requirement that new single-family or two-family 4 residential construction must include passive methods for the 5 mitigation of radon. The requirement shall only apply to 6 single-family or two-family residential construction commenced 7 after the adoption of the requirement. 8 Sec. 2. NEW SECTION . 422.10C Radon mitigation system tax 9 credit. 10 1. As used in this section, radon mitigation system means 11 a system designed to reduce radon concentrations in the indoor 12 air of a building that has been installed. 13 2. The taxes imposed under this subchapter, less the credits 14 allowed under section 422.12, shall be reduced by a radon 15 mitigation system tax credit equal to the amount to purchase 16 and install a radon mitigation system, not to exceed one 17 thousand dollars. 18 3. An individual may claim the tax credit allowed a 19 partnership, limited liability company, S corporation, estate, 20 or trust electing to have the income taxed directly to the 21 individual. The amount claimed by the individual shall be 22 based upon the pro rata share of the individuals earnings of 23 the partnership, limited liability company, S corporation, 24 estate, or trust. 25 4. Any credit in excess of the taxpayers tax liability 26 for the tax year is not refundable but the excess for the tax 27 year may be credited to the tax liability for the following tax 28 year. 29 Sec. 3. Section 422.33, Code 2025, is amended by adding the 30 following new subsection: 31 NEW SUBSECTION . 11. a. The taxes imposed under this 32 subchapter shall be reduced by a radon mitigation system tax 33 credit equal to the amount to purchase and install a radon 34 mitigation system, not to exceed one thousand dollars. 35 -1- HF 1027 (2) 91 jm/jh/md 1/ 2 |
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| 3 | + | H.F. 1027 Section 1. NEW SECTION . 422.10C Radon mitigation system 1 tax credit. 2 1. As used in this section, radon mitigation system means 3 a system designed to reduce radon concentrations in the indoor 4 air of a building that has been installed. 5 2. The taxes imposed under this subchapter, less the credits 6 allowed under section 422.12, shall be reduced by a radon 7 mitigation system tax credit equal to the amount to purchase 8 and install a radon mitigation system, not to exceed one 9 thousand dollars. 10 3. An individual may claim the tax credit allowed a 11 partnership, limited liability company, S corporation, estate, 12 or trust electing to have the income taxed directly to the 13 individual. The amount claimed by the individual shall be 14 based upon the pro rata share of the individuals earnings of 15 the partnership, limited liability company, S corporation, 16 estate, or trust. 17 4. Any credit in excess of the taxpayers tax liability 18 for the tax year is not refundable but the excess for the tax 19 year may be credited to the tax liability for the following tax 20 year. 21 Sec. 2. Section 422.33, Code 2025, is amended by adding the 22 following new subsection: 23 NEW SUBSECTION . 11. a. The taxes imposed under this 24 subchapter shall be reduced by a radon mitigation system tax 25 credit equal to the amount to purchase and install a radon 26 mitigation system, not to exceed one thousand dollars. 27 b. The taxpayer may claim the credit pursuant to this 28 subsection according to the same requirements, conditions, and 29 limitations as provided pursuant to section 422.10C. 30 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 31 retroactively to January 1, 2025, for tax years beginning on 32 or after that date. 33 EXPLANATION 34 The inclusion of this explanation does not constitute agreement with 35 -1- LSB 2320HV (1) 91 jm/jh 1/ 2 |
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