Text: H08373 Text: H08375 Text: H08300 - H08399 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2496 as follows: 1 2 #1. Page 3, line 1, by inserting after the word 1 3 "department." the following: "For purposes of section 1 4 1526 of the federal Taxpayer Relief Act of 1997, 1 5 eligible participants, as defined by section 1526, may 1 6 make payments of contributions under this section 1 7 without regard to the limitations of section 415(c)(1) 1 8 of the federal Internal Revenue Code." 1 9 #2. Page 3, line 4, by striking the words "RETURN 1 10 OF" and inserting the following: "CREDITING OF 1 11 ERRONEOUS". 1 12 #3. Page 3, by striking lines 11 through 16 and 1 13 inserting the following: "andmake a refund ofshall 1 14 credit such payments to theemployee or employer, or1 15both, as it finds just and equitableappropriate 1 16 party.Refunds so made shall be charged to the fund1 17to which the erroneous collections have been credited1 18and shall be paid to the employee or employer, or1 19both, without interest." 1 20 #4. Page 3, line 17 by striking the figure "3." 1 21 and inserting the following: "2." 1 22 #5. Page 3, lines 17 and 18, by striking the words 1 23 "return of" and inserting the following: "credit for 1 24 erroneously paid". 1 25 #6. Page 3, line 19, by striking the words "make 1 26refundpayments" and inserting the following: "make1 27refund paymentsissue a credit". 1 28 #7. Page 3, lines 21 and 22, by striking the words 1 29 "the payment of the refund" and inserting the 1 30 following: "the payment of the refundissuing the 1 31 credit". 1 32 #8. Page 3, line 23, by striking the figure "4." 1 33 and inserting the following: "3." 1 34 #9. Page 3, line 24, by striking the words 1 35 "payments made" and inserting the following: "credits 1 36 issued". 1 37 #10. Page 3, by striking lines 25 through 26 and 1 38 inserting the following: "However, if a credit for 1 39 contributions paid". 1 40 #11. Page 3, line 28, by inserting after the 1 41 figure "97B.42A" the following: "is issued". 1 42 #12. Page 3, line 29, by inserting after the word 1 43 "dividends" the following: "as provided in section 1 44 97B.70". 1 45 #13. Page 3, line 30, by inserting after the word 1 46 "dividends" the following: "as provided in section 1 47 97B.70". 1 48 #14. Page 3, line 31, by striking the words 1 49 "payments made" and inserting the following: "credits 1 50 issued". 2 1 #15. Page 3, line 32, by striking the word 2 2 "payment" and inserting the following: "crediting". 2 3 #16. Page 14, line 13, by striking the word 2 4 "returned" and inserting the following: "credited". 2 5 #17. Page 14, line 30, by striking the word 2 6 "returned" and inserting the following: "credited". 2 7 #18. Page 21, line 18, by striking the words 2 8 "membership and prior" and inserting the following: 2 9 "eligible". 2 10 #19. Page 21, by inserting after line 20 the 2 11 following: 2 12 "b. "Eligible service" means membership and prior 2 13 service in a protection occupation. In addition, for 2 14 a member with membership and prior service in a 2 15 protection occupation described in paragraph "d", 2 16 subparagraph (2), eligible service includes membership 2 17 and prior service as a sheriff, deputy sheriff, or 2 18 airport fire fighter as defined in section 97B.49C." 2 19 #20. Page 21, line 21, by striking the word "b." 2 20 and inserting the following: "c." 2 21 #21. Page 21, lines 22 and 23, by striking the 2 22 words "membership and prior" and inserting the 2 23 following: "eligible". 2 24 #22. Page 21, line 25, by striking the word "c." 2 25 and inserting the following: "d." 2 26 #23. Page 22, by striking lines 23 through 26. 2 27 #24. Page 23, line 19, by striking the word "c" 2 28 and inserting the following: "d". 2 29 #25. Page 23, line 25, by striking the word "c" 2 30 and inserting the following: "d". 2 31 #26. Page 23, line 32, by striking the word "c" 2 32 and inserting the following: "d". 2 33 #27. Page 24, line 5, by striking the word "c" and 2 34 inserting the following: "d". 2 35 #28. Page 24, line 12, by striking the word "c" 2 36 and inserting the following: "d". 2 37 #29. Page 24, line 19, by striking the word "c" 2 38 and inserting the following: "d". 2 39 #30. Page 45, by inserting after line 5 the 2 40 following: 2 41 "Sec. ___. NEW SECTION. 97B.49I QUALIFIED 2 42 BENEFITS ARRANGEMENT. 2 43 The department, by rule, may establish and maintain 2 44 a qualified benefits arrangement under section 415(m) 2 45 of the federal Internal Revenue Code. The amount of 2 46 any annual benefit that would be payable pursuant to 2 47 this chapter but for the limitation imposed by section 2 48 415 of the federal Internal Revenue Code shall be paid 2 49 from a qualified benefits arrangement established and 2 50 maintained pursuant to this section." 3 1 #31. Page 67, by inserting before line 31 the 3 2 following: 3 3 "Sec. ___. EFFECTIVE DATE. Section 49 of this 3 4 Act, amending section 97B.53, subsection 1, takes 3 5 effect July 1, 1999." 3 6 #32. By renumbering and correcting internal 3 7 references as necessary. 3 8 3 9 3 10 3 11 MARTIN of Scott 3 12 HF 2496.702 77 3 13 ec/sc/28
Text: H08373 Text: H08375 Text: H08300 - H08399 Text: H Index Bills and Amendments: General Index Bill History: General Index
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