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House Amendment 1132

Amendment Text

PAG LIN
  1  1    Amend House File 388 as follows:
  1  2    #1.  Page 1, by striking lines 3 through 29 and
  1  3 inserting the following:
  1  4    "a.  On all taxable income from zero through one
  1  5 thousand dollars, four-tenths three-tenths of one
  1  6 percent.
  1  7    b.  On all taxable income exceeding one thousand
  1  8 dollars but not exceeding two thousand dollars, eight-
  1  9 tenths four-tenths of one percent.
  1 10    c.  On all taxable income exceeding two thousand
  1 11 dollars but not exceeding four thousand dollars, two
  1 12 and seven-tenths percent.
  1 13    d.  On all taxable income exceeding four thousand
  1 14 dollars but not exceeding nine thousand dollars, five
  1 15 three and seventy-five hundredths percent.
  1 16    e.  On all taxable income exceeding nine thousand
  1 17 dollars but not exceeding fifteen thousand dollars,
  1 18 six four and eight-tenths nine-tenths percent.
  1 19    f.  On all taxable income exceeding fifteen
  1 20 thousand dollars but not exceeding twenty thousand
  1 21 dollars, seven five and two-tenths twenty-five
  1 22 hundredths percent.
  1 23    g.  On all taxable income exceeding twenty thousand
  1 24 dollars but not exceeding thirty thousand dollars,
  1 25 seven five and fifty-five twenty-five hundredths
  1 26 percent.
  1 27    h.  On all taxable income exceeding thirty thousand
  1 28 dollars but not exceeding forty-five thousand dollars,
  1 29 eight five and eight-tenths twenty-five hundredths
  1 30 percent.
  1 31    i.  On all taxable income exceeding forty-five
  1 32 thousand dollars, nine six and ninety-eight hundredths
  1 33 eight-tenths percent.
  1 34    Sec. ___.  Section 422.9, subsection 1, Code 1997,
  1 35 is amended to read as follows:
  1 36    1.  An optional standard deduction, after deduction
  1 37 of federal income tax, equal to one thousand two
  1 38 hundred thirty dollars for a married person who files
  1 39 separately or a single person or equal to three
  1 40 thousand thirty dollars for a husband and wife who
  1 41 file a joint return, a surviving spouse, or an
  1 42 unmarried head of household.  The optional standard
  1 43 deduction shall not exceed the amount remaining after
  1 44 deduction of the federal income tax.  The amount of
  1 45 the federal income taxes deducted shall not exceed the
  1 46 amount as computed under subsection 2, paragraph "b".
  1 47    Sec. ___.  Section 422.9, subsection 2, paragraph
  1 48 b, Code 1997, is amended by striking the paragraph and
  1 49 inserting in lieu thereof the following:
  1 50    b.  Add the amount of federal income taxes paid
  2  1 with the federal return or as a result of an
  2  2 adjustment to a federal return for tax years ending
  2  3 prior to January 1, 1997.  Subtract the amount of
  2  4 federal income tax refunds received for a tax year to
  2  5 the extent that the federal income tax was deducted in
  2  6 a previous tax year.
  2  7    Sec. ___.  This Act applies retroactively to
  2  8 January 1, 1997".
  2  9    #2.  Title page, lines 1 and 2, by striking the
  2 10 words "by fifteen percent" and inserting the
  2 11 following:  ", and eliminating the deduction for
  2 12 federal income taxes paid,".  
  2 13 
  2 14 
  2 15                               
  2 16 BERNAU of Story
  2 17 
  2 18 
  2 19                               
  2 20 MYERS of Johnson
  2 21 
  2 22 
  2 23                               
  2 24 BELL of Jasper
  2 25 
  2 26 
  2 27                               
  2 28 BRAND of Tama
  2 29 
  2 30 
  2 31                               
  2 32 BUKTA of Clinton
  2 33 
  2 34 
  2 35                               
  2 36 BURNETT of Story
  2 37 
  2 38 
  2 39                               
  2 40 CATALDO of Polk
  2 41 
  2 42 
  2 43                               
  2 44 CHAPMAN of Linn
  2 45 
  2 46 
  2 47                               
  2 48 CHIODO of Polk
  2 49 
  2 50 
  3  1                               
  3  2 COHOON of Des Moines
  3  3 
  3  4 
  3  5                               
  3  6 CONNORS of Polk
  3  7 
  3  8 
  3  9                               
  3 10 DREES of Carroll
  3 11 
  3 12 
  3 13                               
  3 14 FALCK of Fayette
  3 15 
  3 16 
  3 17                               
  3 18 FOEGE of Linn
  3 19 
  3 20 
  3 21                               
  3 22 FORD of Polk
  3 23 
  3 24 
  3 25                               
  3 26 FREVERT of Palo Alto
  3 27 
  3 28 
  3 29                               
  3 30 HUSER of Polk
  3 31 
  3 32 
  3 33                               
  3 34 JOCHUM of Dubuque
  3 35 
  3 36 
  3 37                               
  3 38 KINZER of Scott
  3 39 
  3 40 
  3 41                               
  3 42 KOENIGS of Mitchell
  3 43 
  3 44 
  3 45                               
  3 46 KREIMAN of Davis
  3 47 
  3 48 
  3 49                               
  3 50 LARKIN of Lee
  4  1 
  4  2 
  4  3                               
  4  4 MASCHER of Johnson
  4  5 
  4  6 
  4  7                               
  4  8 MAY of Worth
  4  9 
  4 10 
  4 11                               
  4 12 MERTZ of Kossuth
  4 13 
  4 14 
  4 15                               
  4 16 MORELAND of Wapello
  4 17 
  4 18 
  4 19                               
  4 20 MUNDIE of Webster
  4 21 
  4 22 
  4 23                               
  4 24 MURPHY of Dubuque
  4 25 
  4 26 
  4 27                               
  4 28 O'BRIEN of Boone
  4 29 
  4 30 
  4 31                               
  4 32 OSTERHAUS of Jackson
  4 33 
  4 34 
  4 35                               
  4 36 REYNOLDS-KNIGHT of Van Buren
  4 37 
  4 38 
  4 39                               
  4 40 RICHARDSON of Warren
  4 41 
  4 42 
  4 43                               
  4 44 SCHERRMAN of Dubuque
  4 45 
  4 46 
  4 47                               
  4 48 SCHRADER of Marion
  4 49 
  4 50 
  5  1                               
  5  2 THOMAS of Clayton
  5  3 
  5  4 
  5  5                               
  5  6 WARNSTADT of Woodbury
  5  7 
  5  8 
  5  9                               
  5 10 WEIGEL of Chickasaw
  5 11 
  5 12 
  5 13                               
  5 14 WHITEAD of Woodbury
  5 15 
  5 16 
  5 17                               
  5 18 WISE of Lee
  5 19 HF 388.703 77
  5 20 mg/sc/28
     

Text: H01131                            Text: H01133
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