Iowa DOR Proposes Amending Rule on Combined Franchise Tax Returns

The Iowa Department of Revenue (DOR) proposed amendments to the rules related to investment subsidiary combined returns for franchise tax purposes. The proposed regulations would implement legislation that allows financial institutions subject to the franchise tax that have investment subsidiaries to elect to file combined Iowa franchise tax returns with those subsidiaries. A public hearing is scheduled for Dec. 16, with comments on the proposed rules due the same day. [Iowa Dep’t of Revenue, Proposed Regs. Sections 701-304.16, et al., 11/26/25]