Text: S05718 Text: S05720 Text: S05700 - S05799 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2530, as passed by the House, as 1 2 follows: 1 3 #1. Page 2, by inserting after line 23 the 1 4 following: 1 5 "Sec. 131. NEW SECTION. 422.12G INCOME TAX 1 6 CHECKOFF FOR HISTORICAL PURPOSES. 1 7 1. A person who files an individual or a joint 1 8 income tax return with the department of revenue and 1 9 finance under section 422.13 may designate one dollar 1 10 or more to be paid to the Iowa historical foundation 1 11 as established as a nonprofit entity. If the refund 1 12 due on the return or the payment remitted with the 1 13 return is insufficient to pay the amount designated by 1 14 the taxpayer to the Iowa historical foundation, the 1 15 amount designated shall be reduced to the remaining 1 16 amount of the refund or the remaining amount remitted 1 17 with the return. The designation of a contribution to 1 18 the Iowa historical foundation under this section is 1 19 irrevocable. 1 20 2. The director of revenue and finance shall draft 1 21 the income tax form to allow the designation of 1 22 contributions to the Iowa historical foundation on the 1 23 tax return. The department, on or before January 31, 1 24 shall transfer the total amount designated on the tax 1 25 form due in the preceding year to the Iowa historical 1 26 foundation. 1 27 3. Contributions received pursuant to this section 1 28 by the Iowa historical foundation shall be used by it 1 29 for preservation of historically important sites, 1 30 structures, and artifacts. 1 31 4. The department shall adopt rules to implement 1 32 this section. However, before a checkoff pursuant to 1 33 this section shall be permitted, all liabilities on 1 34 the books of the department of revenue and finance and 1 35 accounts identified as owing under section 421.17 and 1 36 the political contribution allowed under section 56.18 1 37 shall be satisfied. 1 38 5. The limitation on income tax return checkoffs 1 39 specified in section 422.12E does not apply to this 1 40 checkoff." 1 41 #2. Page 37, by inserting after line 9 the 1 42 following: 1 43 "___. Section 131 of this Act, establishing 1 44 section 422.12G, applies retroactively to January 1, 1 45 1998, for tax years beginning on or after that date." 1 46 1 47 1 48 1 49 O. GENE MADDOX 1 50 HF 2530.202 77 2 1 mg/jl/28
Text: S05718 Text: S05720 Text: S05700 - S05799 Text: S Index Bills and Amendments: General Index Bill History: General Index
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