Text: S03525 Text: S03527 Text: S03500 - S03599 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 538 as follows:
1 2 #1. Page 1, by striking lines 1 through 26 and
1 3 inserting the following:
1 4 "Section 1. Section 422.12, subsection 2, Code
1 5 1997, is amended by striking the subsection.
1 6 Sec. 2. NEW SECTION. 422.12A TUITION TAX CREDIT.
1 7 1. The taxes imposed under this division, less the
1 8 credits allowed under sections 422.11A, 422.11B,
1 9 422.12, 422.12B, and other nonrefundable credits shall
1 10 be reduced by a tuition tax credit equal to twenty
1 11 percent of the first one thousand dollars which the
1 12 taxpayer has paid to others for each dependent in
1 13 grades kindergarten through twelve, for tuition and
1 14 textbooks of each dependent in attending an elementary
1 15 or secondary school situated in Iowa, which school is
1 16 accredited or approved under section 256.11, which is
1 17 not operated for profit, and which adheres to the
1 18 provisions of the federal Civil Rights Act of 1964 and
1 19 chapter 216. As used in this section, "textbooks"
1 20 means books and other instructional materials and
1 21 equipment used in elementary and secondary schools in
1 22 teaching only those subjects legally and commonly
1 23 taught in public elementary and secondary schools in
1 24 this state and does not include instructional books
1 25 and materials used in the teaching of religious
1 26 tenets, doctrines, or worship, the purpose of which is
1 27 to inculcate those tenets, doctrines, or worship, and
1 28 does include books or materials for extracurricular
1 29 activities including sporting events, musical or
1 30 dramatic events, speech activities, driver's
1 31 education, or programs of a similar nature. The
1 32 department, when conducting an audit of a taxpayer's
1 33 return, shall also audit the tuition tax credit
1 34 portion of the tax return.
1 35 2. As used in this section, "tuition" means any
1 36 charges for the expenses of personnel, buildings,
1 37 equipment and materials other than textbooks, and
1 38 other expenses of elementary or secondary schools
1 39 which relate to the teaching only of those subjects
1 40 legally and commonly taught in public elementary and
1 41 secondary schools in this state and which do not
1 42 relate to the teaching of religious tenets, doctrines,
1 43 or worship, the purpose of which is to inculcate those
1 44 tenets, doctrines, or worship, or which do relate to
1 45 extracurricular activities including sporting events,
1 46 musical or dramatic events, speech activities,
1 47 driver's education, or programs of a similar nature.
1 48 3. Any credit in excess of the tax liability shall
1 49 be refunded. In lieu of claiming a refund, a taxpayer
1 50 may elect to have the overpayment shown on the
2 1 taxpayer's final, completed return credited to the tax
2 2 liability for the following taxable year."
2 3 #2. By renumbering as necessary.
2 4
2 5
2 6
2 7 ROD HALVORSON
2 8 SF 538.302 77
2 9 mg/cf/28
Text: S03525 Text: S03527 Text: S03500 - S03599 Text: S Index Bills and Amendments: General Index Bill History: General Index
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