Text: HF02177 Text: HF02179 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.12, Code 1997, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 4. A fifteen dollar credit for 1 4 electronically filing the income tax return and remitting any 1 5 tax due by electronic funds transfer. "Electronic funds 1 6 transfer" means as defined in section 421.27, subsection 1, 1 7 paragraph "l". The director shall, by rule, set the manner 1 8 and format for electronic filing of the income tax return 1 9 which is eligible for the credit under this subsection. 1 10 Sec. 2. APPLICABILITY. This Act applies retroactively to 1 11 January 1, 1998, for tax years beginning on or after that 1 12 date. 1 13 EXPLANATION 1 14 The bill provides for a $15 nonrefundable credit for the 1 15 filing of the individual income tax return electronically in 1 16 the manner and format designated by the director of revenue 1 17 and finance and the electronic funds transfer of any tax owed. 1 18 Electronic funds transfer is a transfer initiated through an 1 19 electronic terminal telephone, computer, magnetic tape, or 1 20 similar device but does not include a transfer initiated by 1 21 check, draft, or similar paper instrument. 1 22 The bill applies retroactively to January 1, 1998, for tax 1 23 years beginning on or after that date. 1 24 LSB 3748HH 77 1 25 mg/jl/8
Text: HF02177 Text: HF02179 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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