Text: SF00236 Text: SF00238 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 422.11D HEPATITIS A VACCINE TAX
1 2 CREDIT.
1 3 1. The taxes imposed under this division, less the credits
1 4 allowed under sections 422.12 and 422.12B, shall be reduced by
1 5 a hepatitis A vaccine tax credit equal to the amount actually
1 6 expended during the tax year by a food establishment licensed
1 7 under chapter 137F for immunizing its employees and workers at
1 8 the licensed food establishment. The cost of immunization may
1 9 include a reasonable administration fee as determined by the
1 10 department. Any credit in excess of the tax liability is
1 11 nonrefundable and shall not be carried forward or backward to
1 12 another tax year.
1 13 2. An individual may claim a hepatitis A vaccine tax
1 14 credit allowed a partnership, limited liability company, S
1 15 corporation, estate, or trust electing to have the income
1 16 taxed directly to the individual. The amount claimed by the
1 17 individual shall be based upon the pro rata share of the
1 18 individual's earnings of a partnership, limited liability
1 19 company, S corporation, estate, or trust.
1 20 3. For purposes of this section, "hepatitis A vaccine"
1 21 means a vaccine licensed by the United States food and drug
1 22 administration to provide long-term immunity to the hepatitis
1 23 A virus.
1 24 Sec. 2. Section 422.33, Code 1999, is amended by adding
1 25 the following new subsection:
1 26 NEW SUBSECTION. 8. a. The taxes imposed under this
1 27 division shall be reduced by a hepatitis A vaccine tax credit
1 28 equal to the amount actually expended during the tax year by a
1 29 food establishment licensed under chapter 137F for immunizing
1 30 its employees and workers at the licensed food establishment.
1 31 The cost of immunization may include a reasonable
1 32 administration fee as determined by the department. Any
1 33 credit in excess of the tax liability is nonrefundable and
1 34 shall not be carried forward or backward to another tax year.
1 35 b. For purposes of this subsection, "hepatitis A vaccine"
2 1 means a vaccine licensed by the United States food and drug
2 2 administration to provide long-term immunity to the hepatitis
2 3 A virus.
2 4 Sec. 3. This Act, being deemed of immediate importance,
2 5 takes effect upon enactment and applies retroactively to
2 6 January 1, 1999, for tax years beginning on or after that
2 7 date.
2 8 EXPLANATION
2 9 The bill provides for individual and corporate income tax
2 10 credits equal to the cost incurred by a licensed food
2 11 establishment for vaccinating its employees and workers
2 12 against the hepatitis A virus.
2 13 The bill takes effect upon enactment and applies
2 14 retroactively to January 1, 1999, for tax years beginning on
2 15 or after that date.
2 16 LSB 2131SS 78
2 17 mg/jw/5
Text: SF00236 Text: SF00238 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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