- 1. As used in this section, all words and phrases defined in section 422.25A shall have the same meaning given them by that section.
- 2. The state pass-through representative for the reviewed year for a partnership shall be the partnership’s federal partnership representative with respect to an action required or permitted to be taken by a state pass-through representative under this chapter for a reviewed year, unless the partnership designates in writing another person as the state pass-through representative as provided in subsection 3. The state pass-through representative for the reviewed year for a pass-through entity is the person designated in subsection 3.
- 3. The department may establish reasonable qualifications for a person to be a state pass-through representative. If a partnership desires to designate a person other than the federal partnership representative, the partnership shall designate such person in the manner and form prescribed by the department. A pass-through entity shall designate a person as the state pass-through representative in the manner and form prescribed by the department. A partnership or pass-through entity shall be allowed to change such designation by notifying the department at the time the change occurs in the manner and form prescribed by the department.
- 4. The department may adopt any rules pursuant to chapter 17A to implement this section.
2020 Acts, ch 1118, §65, 71; 2022 Acts, ch 1061, §50
Referred to in §257.22, 422.25A, 422.25C, 422.39, 422D.3