# Iowa Code § 422.2: Purpose or object

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.2

## Section

- **Citation:** Iowa Code § 422.2
- **Heading:** Purpose or object
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title X / Chapter 422 / Section 422.2

## Text

This chapter shall be known as the “Property Relief Act”, and shall have for its purpose the direct replacement of taxes already levied or to be levied on property to the extent of the net revenue obtained from the taxes imposed herein, which shall be apportioned back to the credit of individual taxpayers on the basis of the assessed valuation of taxable property as provided in subchapter VIII of this chapter.

[C35, §6943-f2; C39, §6943.034; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §422.2]2020 Acts, ch 1062, §94

## Nearby sections

- [Iowa Code § 422.1 Classification of chapter.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.1.md)
- [Iowa Code § 422.2 Purpose or object.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.2.md)
- [Iowa Code § 422.3 Definitions controlling chapter.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.3.md)
- [Iowa Code § 422.4 Definitions controlling subchapter.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.4.md)
- [Iowa Code § 422.5 Tax imposed — exclusions — alternate tax rate.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.5.md)
- [Iowa Code § 422.5A Tax rates.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.5A.md)
- [Iowa Code § 422.6 Income from estates or trusts.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.6.md)
- [Iowa Code § 422.7 “Net income” — how computed.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.7.md)
- [Iowa Code § 422.8 Allocation of income earned in Iowa and other states.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.8.md)
- [Iowa Code § 422.9 Carry over of Iowa net operating loss.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.9.md)
- [Iowa Code § 422.10 Research activities credit.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.10.md)
- [Iowa Code § 422.10A Geothermal tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.10A.md)
- [Iowa Code § 422.10B Renewable chemical production tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.10B.md)
- [Iowa Code § 422.10C Sustainable aviation fuel tax credit.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.10C.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TX_C422_S422.2. Check the current official text before relying on it. Not legal advice.