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22 hundredths percent. 23 g. On all taxable income exceeding twenty thousand 24 dollars but not exceeding thirty thousand dollars, 25sevenfive andfifty-fivetwenty-five hundredths 26 percent. 27 h. On all taxable income exceeding thirty thousand 28 dollars but not exceeding forty-five thousand dollars, 29eightfive andeight-tenthstwenty-five hundredths 30 percent. 31 i. On all taxable income exceeding forty-five 32 thousand dollars,ninesix andninety-eighthundredths33 eight-tenths percent. 34 Sec. ___. Section 422.9, subsection 1, Code 1997, 35 is amended to read as follows: 36 1. An optional standard deduction, after deduction 37 of federal income tax, equal to one thousand two 38 hundred thirty dollars for a married person who files 39 separately or a single person or equal to three 40 thousand thirty dollars for a husband and wife who 41 file a joint return, a surviving spouse, or an 42 unmarried head of household. The optional standard 43 deduction shall not exceed the amount remaining after 44 deduction of the federal income tax. The amount of 45 the federal income taxes deducted shall not exceed the 46 amount as computed under subsection 2, paragraph "b". 47 Sec. ___. Section 422.9, subsection 2, paragraph 48 b, Code 1997, is amended by striking the paragraph and 49 inserting in lieu thereof the following: 50 b. Add the amount of federal income taxes paid Page 2 1 with the federal return or as a result of an 2 adjustment to a federal return for tax years ending 3 prior to January 1, 1997. Subtract the amount of 4 federal income tax refunds received for a tax year to 5 the extent that the federal income tax was deducted in 6 a previous tax year. 7 Sec. ___. This Act applies retroactively to 8 January 1, 1997". 9 2. Title page, lines 1 and 2, by striking the 10 words "by fifteen percent" and inserting the 11 following: ", and eliminating the deduction for 12 federal income taxes paid,". Rants of Woodbury rose on a point of order that amendment H-1132 was not germane. The Speaker ruled the point well taken and amendment H-1132 not germane. Schrader of Marion asked for unanimous consent to suspend the rules to consider amendment H-1132.
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