House File 245 - Introduced

HOUSE FILE  	
BY	WINDSCHITL, SCHULTZ, ALONS, HUSEMAN, BAUDLER, WATTS, DEYOE, WORTHAN, SODERBERG, SANDS, MAY, KAUFMANN, RAECKER, DOLECHECK, DE BOEF, HELLAND, SCHULTE, HAGENOW, SORENSON, ARNOLD, and DRAKE

Passed House, Date			Passed Senate,	Date  	 Vote:	Ayes	Nays				Vote:	Ayes		Nays  	 
Approved  	

A BILL FOR

An Act exempting from the computation of the individual income
tax all pay received for service in the national guard and
including a retroactive applicability provision.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
TLSB 1754YH 83
tw/mg:sc/14

PAG LIN

1	1	Section 1.	Section 422.7, Code 2009, is amended by adding
1	2 the following new subsection:
1	3	NEW SUBSECTION.	41.	Subtract, to the extent included, all
1	4 pay received by the taxpayer for military service performed in
1	5 the national guard.
1	6	Sec. 2.	RETROACTIVE APPLICABILITY.	This Act applies
1	7 retroactively to January 1, 2009, for tax years beginning on
1	8 or after that date.
1	9	EXPLANATION
1 10	This bill provides an exemption from the individual income
1 11 tax for all pay received by a taxpayer for serving in the
1 12 national guard.
1 13	The bill applies retroactively to January 1, 2009, for tax
1 14 years beginning on or after that date. 1 15 LSB 1754YH 83
1 16 tw/mg:sc/14