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House Journal: Page 1543: Thursday, April 11, 1996

 for employer contributions and liability for benefits regarding
successor employers, amended by the Senate, and moved that the
House concur in the following Senate amendment H-5647:

H-5647

 1     Amend House File 2229, as passed by the House, as
 2   follows:
 3     1.  Page 1, by inserting before line 1 the
 4   following:
 5     "Sec. ___.  Section 96.3, Code Supplement 1995, is
 6   amended by adding the following new subsection:
 7     NEW SUBSECTION.  10.  VOLUNTARY INCOME TAX
 8   WITHHOLDING.
 9     All payments of benefits made after December 31,
10   1996, are subject to the following:
11     a.  An individual filing a new application for
12   benefits shall, at the time of filing the application,
13   be advised of the following:
14     (1)  Benefits paid under this chapter are subject
15   to federal and state income tax.
16     (2)  Legal requirements exist pertaining to
17   estimated tax payments.
18     (3)  The individual may elect to have federal
19   income tax deducted and withheld from the individual's
20   payment of benefits at the amount specified in the
21   Internal Revenue Code as defined in section 422.3.
22     (4)  The individual may elect to have Iowa state
23   income tax deducted and withheld from the individual's
24   payment of benefits at the rate of five percent.
25     (5)  The individual shall be permitted to change
26   the individual's previously elected withholding
27   status.
28     b.  Amounts deducted and withheld from benefits
29   shall remain in the unemployment compensation fund
30   until transferred to the appropriate taxing authority
31   as a payment of income tax.
32     c.  The commissioner shall follow all procedures
33   specified by the United States department of labor,
34   the federal internal revenue service, and the
35   department of revenue and finance pertaining to the
36   deducting and withholding of income tax.
37     d.  Amounts shall be deducted and withheld under
38   this subsection only after amounts are deducted and
39   withheld for any overpayment of benefits, child
40   support obligations, and any other amounts authorized
41   to be deducted and withheld under federal or state
42   law.
43     Sec. ___.  Section 96.5, subsection 1, paragraph i,
44   Code Supplement 1995, is amended to read as follows:
45     i.  The individual is unemployed as a result of the
46   individual's employer selling or otherwise
47   transferring a clearly segregable and identifiable

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

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Last update: Fri Apr 12 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01500/01543.html
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