422.11M - AGRICULTURAL ASSETS TRANSFERRED TO BEGINNING FARMERS.
422.11M AGRICULTURAL ASSETS TRANSFERRED TO BEGINNING FARMERS. The taxes imposed under this division, less the credits allowed under section 422.12, shall be reduced by an agricultural assets transfer tax credit as allowed under section 175.37.
Section History: Recent Form 2006 Acts, ch 1161, §3, 7; 2007 Acts, ch 161, §14, 22 Referred to in § 175.37, 422.5, 422.16
Footnotes Section takes effect January 1, 2007, and applies to tax years beginning on or after that date; 2006 Acts, ch 1161, §7 2007 amendment to this section takes effect May 15, 2007, and applies retroactively to January 1, 2007, for tax years beginning on or after that date; 2007 Acts, ch 161, §22