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PAG LIN
1 1 Section 1. Section 422.12, subsection 2, Code 1997, is
1 2 amended to read as follows:
1 3 2. A tuition credit equal to ten percent of the first one
1 4 thousand dollars which the taxpayer has paid to others for
1 5 each dependent in grades kindergarten through twelve or in an
1 6 institution of higher education, for tuition and textbooks of
1 7 each dependent in attending an elementary or secondary school
1 8 situated in Iowa, which school is accredited or approved under
1 9 section 256.11, which is not operated for profit, and which
1 10 adheres to the provisions of the federal Civil Rights Act of
1 11 1964 and chapter 216 or in attending an institution of higher
1 12 education. As used in this subsection, "textbooks" means
1 13 books and other instructional materials and equipment used in
1 14 elementary and secondary schools or in an institution of
1 15 higher education in teaching only those subjects legally and
1 16 commonly taught in public elementary and secondary schools or
1 17 in an institution of higher education in this state and does
1 18 not include instructional books and materials used in the
1 19 teaching of religious tenets, doctrines, or worship, the
1 20 purpose of which is to inculcate those tenets, doctrines, or
1 21 worship, and does not include books or materials for
1 22 extracurricular activities including sporting events, musical
1 23 or dramatic events, speech activities, driver's education, or
1 24 programs of a similar nature. Notwithstanding any other
1 25 provision, all other credits allowed under this section and
1 26 section 422.12B shall be deducted before the tuition credit
1 27 under this subsection. The department, when conducting an
1 28 audit of a taxpayer's return, shall also audit the tuition tax
1 29 credit portion of the tax return.
1 30 As used in this subsection, "tuition" means any charges for
1 31 the expenses of personnel, buildings, equipment and materials
1 32 other than textbooks, and other expenses of elementary or
1 33 secondary schools or institutions of higher education which
1 34 relate to the teaching only of those subjects legally and
1 35 commonly taught in public elementary and secondary schools or
2 1 in institutions of higher education in this state and which do
2 2 not relate to the teaching of religious tenets, doctrines, or
2 3 worship, the purpose of which is to inculcate those tenets,
2 4 doctrines, or worship, and which do not relate to
2 5 extracurricular activities including sporting events, musical
2 6 or dramatic events, speech activities, driver's education, or
2 7 programs of a similar nature.
2 8 As used in this subsection, "institution of higher
2 9 education" means an accredited private institution as defined
2 10 in section 261.9; a community college as defined in section
2 11 260C.2; or an institution governed by the state board of
2 12 regents as identified in section 262.7, subsection 1, 2, or 3.
2 13 Sec. 2. APPLICABILITY DATE. This Act applies
2 14 retroactively to January 1, 1997, for tax years beginning on
2 15 or after that date.
2 16 EXPLANATION
2 17 The bill expands the tuition credit of 10 percent of the
2 18 first $1,000 per dependent in computing the individual income
2 19 tax for costs of tuition and textbooks to include cost of
2 20 tuition and textbooks paid for a dependent at a community
2 21 college in Iowa, an accredited private college or university
2 22 of Iowa, Iowa state university, university of Iowa, and
2 23 university of northern Iowa.
2 24 The bill applies retroactively to January 1, 1997, for tax
2 25 years beginning on or after that date.
2 26 LSB 2071XS 77
2 27 mg/cf/24
Text: SF00302 Text: SF00304 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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