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MFPRSI. Municipal Fire & Police Retirement System of Iowa

New Iowa Tax Law Effective January 2023

Iowa Governor Kim Reynolds signed House File 2317 into law.  Effective January 2023, the new law eliminates Iowa state tax on retirement income.

MFPRSI is aware of the new law and expects the Iowa Department of Revenue to provide guidance later this year on how the new law should be implemented. In the meantime, Iowa state tax withholding laws remain unchanged for 2022. MFPRSI will monitor and provide updates to our membership as they become available.