Text: HF00554 Text: HF00556 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.9, subsection 2, paragraph f, Code 1 2 1995, is amended by striking the paragraph. 1 3 Sec. 2. Section 422.12, subsection 2, unnumbered paragraph 1 4 1, Code 1995, is amended to read as follows: 1 5For those who do not itemize their deductions, aA tuition 1 6 credit equal tofiveseven percent of the first one thousand 1 7 dollars which the taxpayer has paid to others for each 1 8 dependent in grades kindergarten through twelve, for tuition 1 9 and textbooks of each dependent in attending an elementary or 1 10 secondary school situated in Iowa, which school is accredited 1 11 or approved under section 256.11, which is not operated for 1 12 profit, and which adheres to the provisions of the federal 1 13 Civil Rights Act of 1964 and chapter 216. As used in this 1 14 subsection, "textbooks" means books and other instructional 1 15 materials and equipment used in elementary and secondary 1 16 schools in teaching only those subjects legally and commonly 1 17 taught in public elementary and secondary schools in this 1 18 state and does not include instructional books and materials 1 19 used in the teaching of religious tenets, doctrines, or 1 20 worship, the purpose of which is to inculcate those tenets, 1 21 doctrines, or worship, and does not include books or materials 1 22 for extracurricular activities including sporting events, 1 23 musical or dramatic events, speech activities, driver's 1 24 education, or programs of a similar nature. Notwithstanding 1 25 any other provision, all other credits allowed under sections 1 26 422.12 and 422.12B shall be deducted before the tuition credit 1 27 under this subsection. The credit in this subsection does not 1 28 apply to a taxpayer whose net income, as properly computed for 1 29 state tax purposes, isforty-fiveninety-five thousand dollars 1 30 or more. In the case where the taxpayer is married, whether 1 31 filing jointly or separately, the credit does not apply if the 1 32 combined net income of the taxpayer and spouse isforty-five1 33 ninety-five thousand dollars or more. The department, when 1 34 conducting an audit of a taxpayer's return, shall also audit 1 35 the tuition tax credit portion of the tax return. 2 1 Sec. 3. This Act, being deemed of immediate importance, 2 2 takes effect upon enactment, and applies retroactively to 2 3 January 1, 1995, for tax years beginning on or after that 2 4 date. 2 5 HF 555 2 6 mg/pk/25
Text: HF00554 Text: HF00556 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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