Iowa Taxable Securities

There are a number of securities issued under the authority of Congress which the Iowa Department of Revenue and Finance considers subject to the Iowa income tax.

The following list contains widely-held United States Government and other instrumentalities obligations, interest on which is taxable to Iowa. This listing is not intended to be all-inclusive.

A. Federal agency obligations

1. Federal or State Savings and Loan Associations
2. Export-Import Bank of the United States
3. Building and Loan Associations
4. Interest on Federal income tax refunds
5. Postal Savings Account
6. Farmers Home Administration
7. Small Business Administration
8. Federal or State Credit Unions
9. Mortgage Participation Certificates
10. Federal Housing Administration
11. Federal Home Loan Mortgage Corporation (Freddie Mac)
12. Federal National Mortgage Association (Fannie Mae)
13. Government National Mortgage Association (Ginnie Mae)
14. Merchant Marine (Maritime Administration)

B. Obligations of international institutions:

1. Asian Development Bank
2. Inter-American Development Bank
3. International Bank for Reconstruction and Development (World Bank)

C. Other obligations:

1. Washington D.C. Metro Area Transit Authority