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House Journal: Page 1992: Thursday, April 27, 1995

SENATE AMENDMENT CONSIDERED
Halvorson of Clayton called up for consideration, Senate File
69, a bill for an act relating to county expenditures of
property taxes for mental health and developmental disabilities
costs by providing for reduction of property taxes, making
appropriations, and providing an effective date, amended by the
House, further amended by the Senate and moved that the House
concur in the following Senate amendment H-4121 to the House
amendment:
H-4121
 1     Amend the House amendment, S-3082, to Senate File
 2   69 as passed by the Senate as follows:
 3     1.  By  striking page 1, line 1, through page 44,
 4   line 25, and inserting the following:
 5     "Amend Senate File 69, as passed by the Senate, as
 6   follows:
 7     1.  By striking everything after the enacting
 8   clause and inserting the following:
 9	"DIVISION I
10	INCOME TAX
11     Section 1.  Section 422.7, Code 1995, is amended by
12   adding the following new subsection:
13     NEW SUBSECTION.  33.  For a person who is disabled,
14   or is fifty-five years of age or older, or is the
15   surviving spouse of an individual or a survivor having
16   an insurable interest in an individual who would have
17   qualified for the exemption under this subsection for
18   the tax year, subtract, to the extent included, the
19   total amount of a governmental or other pension or
20   retirement pay, including, but not limited to, defined
21   benefit or defined contribution plans, annuities,
22   individual retirement accounts, plans maintained or
23   contributed to by an employer, or maintained or
24   contributed to by a self-employed person as an
25   employer, and deferred compensation plans or any
26   earnings attributable to the deferred compensation
27   plans, up to a maximum of three thousand dollars for a
28   person who files a separate state income tax return
29   and up to a maximum of six thousand dollars for a
30   husband and wife who file a joint state income tax
31   return.  However, a surviving spouse who is not
32   disabled or fifty-five years of age or older can only
33   exclude the amount of pension or retirement pay
34   received as a result of the death of the other spouse.
35     Sec. 2.  Section 422.12, subsection 1, paragraph c,
36   Code 1995, is amended to read as follows:
37     c.  For each dependent, an additional fifteen
forty
38   dollars.  As used in this section, the term
39   "dependent" has the same meaning as provided by the
40   Internal Revenue Code.
41     Sec. 3.  TAXATION STUDY.  The legislative council
42   is requested to establish a taxation study during the
43   1995 legislative interim period.  The study would

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01900/01992.html
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