Text: SF02069 Text: SF02071 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.12, subsection 2, unnumbered 1 2 paragraph 1, Code 1999, is amended to read as follows: 1 3 A tuition tax credit equal totwenty-fivefifty percent of 1 4 the first one thousand dollars which the taxpayer has paid to 1 5 others for each dependent in grades kindergarten through 1 6 twelve, for tuition and textbooks of each dependent in 1 7 attending an elementary or secondary school situated in Iowa, 1 8 which school is accredited or approved under section 256.11, 1 9 which is not operated for profit, and which adheres to the 1 10 provisions of the federal Civil Rights Act of 1964 and chapter 1 11 216. As used in this subsection, "textbooks" means books and 1 12 other instructional materials and equipment used in elementary 1 13 and secondary schools in teaching only those subjects legally 1 14 and commonly taught in public elementary and secondary schools 1 15 in this state and does not include instructional books and 1 16 materials used in the teaching of religious tenets, doctrines, 1 17 or worship, the purpose of which is to inculcate those tenets, 1 18 doctrines, or worship. "Textbooks" includes books or 1 19 materials used for extracurricular activities including 1 20 sporting events, musical or dramatic events, speech 1 21 activities, driver's education, or programs of a similar 1 22 nature. Notwithstanding any other provision, all other 1 23 credits allowed under this section and section 422.12B shall 1 24 be deducted before the tuition tax credit under this 1 25 subsection. The department, when conducting an audit of a 1 26 taxpayer's return, shall also audit the tuition tax credit 1 27 portion of the tax return. 1 28 Sec. 2. APPLICABILITY DATE. This Act applies 1 29 retroactively to January 1, 2000, for tax years beginning on 1 30 or after that date. 1 31 EXPLANATION 1 32 The bill increases the tuition tax credit from 25 percent 1 33 to 50 percent of the first $1,000 paid to others for each 1 34 dependent in grades K-12 for tuition and textbooks. 1 35 The bill applies retroactively to January 1, 2000, for tax 2 1 years beginning on or after that date. 2 2 LSB 5747SS 78 2 3 mg/as/5
Text: SF02069 Text: SF02071 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Feb 10 03:35:00 CST 2000
URL: /DOCS/GA/78GA/Legislation/SF/02000/SF02070/000201.html
jhf