Text: HF02305                           Text: HF02307
Text: HF02300 - HF02399                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index



House File 2306

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  NEW SECTION.  422.12A  INCOME TAX REFUND
  1  2 CHECKOFF – BATTLESHIP U.S.S. IOWA FUND.
  1  3    1.  A person who files an individual or a joint income tax
  1  4 return with the department under section 422.13 may designate
  1  5 one dollar or more to be paid to the battleship U.S.S. Iowa
  1  6 fund as established in this section.  If the refund due on the
  1  7 return or the payment remitted with the return is insufficient
  1  8 to pay the amount designated by the taxpayer to the battleship
  1  9 U.S.S. Iowa fund, the amount designated shall be reduced to
  1 10 the remaining amount of the refund or the remaining amount
  1 11 remitted with the return.  The designation of a contribution
  1 12 to the battleship U.S.S. Iowa fund under this section is
  1 13 irrevocable.
  1 14    2.  The director shall draft the income tax form to allow
  1 15 the designation of contributions to the battleship U.S.S. Iowa
  1 16 fund on the tax return.  The department, on or before January
  1 17 31, shall certify the total amount designated on the tax
  1 18 return forms due in the preceding calendar year and shall
  1 19 report the amount to the treasurer of state.  The treasurer of
  1 20 state shall credit the amount to the battleship U.S.S. Iowa
  1 21 fund.
  1 22    3.  The battleship U.S.S. Iowa fund is created within the
  1 23 office of the treasurer of state under the control of the
  1 24 treasurer of state.  The fund shall consist of moneys
  1 25 collected as provided in this section.  It is the intent of
  1 26 the general assembly that the funds generated from the
  1 27 checkoff be appropriated annually for the purpose specified in
  1 28 this section.  All interest earned on moneys in the fund shall
  1 29 be credited to and remain in the fund.  Section 8.33 does not
  1 30 apply to moneys in the fund.  The treasurer of state is
  1 31 authorized to release money from the fund after a plan for
  1 32 expenditure of the funds for use in preserving the battleship
  1 33 U.S.S. Iowa is submitted by the Iowa class preservation
  1 34 association.
  1 35    4.  The department shall adopt rules to implement this
  2  1 section.  However, before a checkoff pursuant to this section
  2  2 shall be permitted, all liabilities on the books of the
  2  3 department of revenue and finance and accounts identified as
  2  4 owing under section 421.17 and the political contribution
  2  5 allowed under section 56.18 shall be satisfied.
  2  6    5.  This section is repealed on July 1, 2001, which repeal
  2  7 is effective for tax years beginning January 1, 2001.
  2  8    Sec. 2.  Section 422.12E, Code 1997, is amended to read as
  2  9 follows:
  2 10    422.12E  INCOME TAX RETURN CHECKOFFS LIMITED.
  2 11    For tax years beginning on or after January 1, 1995, there
  2 12 shall be allowed no more than three income tax return
  2 13 checkoffs on each income tax return.  When the same three
  2 14 income tax return checkoffs have been provided on the income
  2 15 tax return for three consecutive years, the checkoff for which
  2 16 the least amount has been contributed, in the aggregate for
  2 17 the first two tax years and through March 15 of the third tax
  2 18 year, shall be repealed.  This section does not apply to the
  2 19 income tax return checkoff checkoffs provided in section
  2 20 sections 56.18 and 422.12A.
  2 21    Sec. 3.  APPLICABILITY DATE.  This Act applies
  2 22 retroactively to January 1, 1998, for tax years beginning on
  2 23 or after that date.  
  2 24                           EXPLANATION
  2 25    This bill provides a checkoff on the state income tax form
  2 26 to provide moneys to the Iowa class preservation association
  2 27 for preservation of the battleship U.S.S. Iowa.  The checkoff
  2 28 is exempt from automatic repeal.  However, the checkoff has a
  2 29 sunset provision effective July 1, 2001, for tax years
  2 30 beginning January 1, 2001.
  2 31    The bill applies retroactively to January 1, 1998, for tax
  2 32 years beginning on or after that date.  
  2 33 LSB 3352HH 77
  2 34 sc/sc/14
     

Text: HF02305                           Text: HF02307
Text: HF02300 - HF02399                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

Return To Home index


© 1998 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Wed Feb 25 03:42:23 CST 1998
URL: /DOCS/GA/77GA/Legislation/HF/02300/HF02306/980217.html
jhf