WHAT'S NEW?

Educator supplies deduction (new in 2002, continued in 2003)

• General information
• Line 24; item "s"

Endow Iowa Tax Credit: line 54.

Federal Advance Child Tax Credit Refund: line 27

Federal bonus depreciation

The State of Iowa will not couple with the Federal Bonus Depreciation and revised NOL Carrybacks. You will find information and procedures in the department's 2003 Legislative Summary and in the following files and forms for 2003.

• General information
• Line 5
• Line 11
• Line 13
• Line 14
• Line 37
• IA 41-104
• IA 4562A
• IRC 179 Expensing

Job and Growth Tax Relief Reconciliation Act (JGTRRA)

• Advance Child Tax Refund: line 27

Military information and legislation

• General information
• Death gratuity
• Expenses
• Loans

New Capital Investment Credit: line 66

NOL carryback: line 24

Property Rehabilitation Tax Credit: line 66