Iowa Code 422.17 – Certificate issued by department to make payments without withholding
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Terms Used In Iowa Code 422.17
- month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
- withholding agent: means any individual, fiduciary, estate, trust, corporation, partnership or association in whatever capacity acting and including all officers and employees of the state of Iowa, or any municipal corporation of the state of Iowa and of any school district or school board of the state, or of any political subdivision of the state of Iowa, or any tax-supported unit of government that is obligated to pay or has control of paying or does pay to any resident or nonresident of the state of Iowa or the resident's or nonresident's agent any wages that are subject to the Iowa income tax in the hands of such resident or nonresident, or any of the above-designated entities making payment or having control of making such payment of any taxable Iowa income to any nonresident. See Iowa Code 422.16
- year: means twelve consecutive months. See Iowa Code 4.1
Any nonresident whose Iowa income is not subject to section 422.16, subsection 2, paragraph “a”, “c”, “d”, or “e”, in whole or in part, and who elects to be governed by section 422.16, subsection 2, paragraph “b”, to the extent that the nonresident pays the entire amount of tax properly estimated on or before the last day of the fourth month of the nonresident’s tax year, for the year, may for the year of the election and payment, be granted a certificate from the department authorizing each withholding agent, the income from whom the nonresident has considered in the payment of estimated tax and to the extent the income is included in the estimate, to make payments of income to the nonresident without withholding tax from those payments. Withholding agents, if payments exceed the tax liability estimated by the nonresident as indicated upon the certificate, shall withhold tax in accordance with section 422.16, subsection 2, paragraph “b”.