Iowa State Exempt Dividends

Deduct that portion of any net dividends from a mutual fund, investment trust, or regulated investment company that is attributable to direct federal securities. You cannot take this deduction unless you are provided a statement from the fund giving the percentage of net dividends attributable to direct federal securities.

The following securities are exempt:

• Aviation Authority Bonds, Iowa Code section 330A.16
• Beginning Farmer Loan Program Bonds, Iowa Code section 175.17(10)
• Community College Bond Program Bonds, Iowa Code section 260C.71(6)
• Community College Residence Halls and Dormitories Bonds, Iowa Code section 260C.61
• County Health Center Bonds, Iowa Code section 331.441(2)"C"(7)
• E911 Emergency Telephone Service Program Bonds, Iowa Code section 34A.20(6)
• Interstate Bridges Bonds, Iowa Code section 313A.36
• Iowa Board of Regents Bonds for buildings and facilities, Iowa Code Chapters 262.41, 262.51, 262.60 and 262A.8
• Iowa Higher Education Loan Authority, Iowa Code section 261A.27
• Iowa Municipality Urban Renewal Bonds, Iowa Code section 403.9(2)
• Iowa Rural Water District Revenue Bonds and notes, Iowa Code section 357A.15
• Low Income Housing Bonds, Iowa Code section 403A.12
• Prison Infrastructure Revenue Bonds, Iowa Code section 16.177(8)
• Regents Institutions Medical and Hospital Buildings at University of Iowa Bonds, Iowa Code section 263A.6
• Soil Conservation Districts Revenue Bonds, Iowa Code section 161A.22
• Quad Cities Interstate Metropolitan Authority Bonds, Iowa Code chapter 28A.24
• Sewage Treatment Works Revenue Bonds, Iowa Code section 16.131(6)
• Underground Storage Tank Fund Revenue Bonds, Iowa Code section 455G.6(14)
• Vision Iowa Program, Iowa Code section 12.71
• Warehouse Project Revenue Bonds, Iowa Code chapter 123.159
• IA Utilities Board and Consumer Advocate Building Bonds, IA Code section 12.91(9)
• Honey Creek Premier Destination Park Bonds, IA Code section 463C.12(8)
• School Infrastructure Program Bonds, IA Code section 12.81(8)
• Appropriation Bonds, IA Code section 12.87(8)