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Iowa Code § 432.4

Deduction for debts

Iowa · Iowa Code Chapter 432 — Insurance Companies Tax · Status: effective

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Iowa Code § 432.4, Deduction for debts, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2248263
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No deduction or exemption from the taxes herein provided shall be allowed for or on account of any indebtedness owing by any such insurance company or association; provided, however, that companies doing a fire insurance business may deduct from the gross amount of premiums received, the amount of premiums returned upon canceled policies issued upon property situated in this state.