Text: SF00157 Text: SF00159 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.7, Code 1997, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 35. Subtract unemployment compensation 1 4 received during the tax year to the extent included pursuant 1 5 to section 85 of the Internal Revenue Code. 1 6 Sec. 2. APPLICABILITY DATE. This Act applies 1 7 retroactively to January 1, 1997, for tax years beginning on 1 8 or after that date. 1 9 EXPLANATION 1 10 Presently, benefits received as unemployment compensation 1 11 are taxed for federal and state individual income tax 1 12 purposes. The bill exempts these benefits from the state 1 13 individual income tax. 1 14 The bill applies retroactively to January 1, 1997, for tax 1 15 years beginning on or after that date. 1 16 LSB 1924SS 77 1 17 mg/jw/5
Text: SF00157 Text: SF00159 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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