House File 2417 - Enrolled

PAG LIN

1	1	HOUSE FILE
1	2
1	3	AN ACT

2417

1	4 EXEMPTING CERTAIN FEDERAL TAX REBATES UNDER THE STATE INDIVID=
1	5	UAL INCOME TAX AND INCLUDING A RETROACTIVE APPLICABILITY
1	6	DATE PROVISION.
1	7

1	9
1 10	Section 1.	Section 422.9, Code 2007, is amended by adding
1 11 the following new subsection:
1 12	NEW SUBSECTION.	8.	In determining the amount of deduction
1 13 for federal income tax under subsection 1 or subsection 2,
1 14 paragraph "b", for tax years beginning in the 2008 calendar
1 15 year, the amount of the deduction for the tax year shall not
1 16 be adjusted by the amount received during the tax year of the
1 17 income tax rebate provided pursuant to the federal Recovery
1 18 Rebates and Economic Stimulus for the American People Act of
1 19 2008, Pub. L. No. 110=185, and the amount of such income tax
1 20 rebate shall not be subject to taxation under this division.
1 21	Sec. 2.	VETERAN'S ELIGIBILITY.	Notwithstanding any
1 22 provision of or administrative rule adopted pursuant to
1 23 chapter 35D, income tax rebates provided pursuant to the
1 24 federal Recovery Rebates and Economic Stimulus for the
1 25 American People Act of 2008, Pub. L. No. 110=185, shall not be
1 26 considered for purposes of determining eligibility for
1 27 admission to the Iowa veterans home and shall not be
1 28 considered for determining whether a resident of the Iowa
1 29 veterans home should contribute to the resident's own support.
1 30	Sec. 3.	RETROACTIVE APPLICABILITY DATE.	This Act applies
1 31 retroactively to January 1, 2008, for tax years beginning on
32 or after that date and before January 1, 2009.
1 33
1 34
1 35
1	PATRICK J. MURPHY
2	2	Speaker of the House
2	3
2	4
2	5
2	6	JOHN P. KIBBIE
2	7	President of the Senate
2	8
2	9	I hereby certify that this bill originated in the House and
2 10 is known as House File 2417, Eighty=second General Assembly. 2 11
2 12
2 13
2 14	MARK BRANDSGARD
2 15	Chief Clerk of the House
2 16 Approved	, 2008
2 17
2 18
2 19  	
2 20 CHESTER J. CULVER
2 21 Governor