Text: HSB00721                          Text: HSB00723
Text: HSB00700 - HSB00799               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index


House Study Bill 722

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.3, subsection 5, Code Supplement
  1  2 2001, as amended by 2002 Iowa Acts, House File 2116, section
  1  3 3, is amended by striking the subsection and inserting in lieu
  1  4 thereof the following:
  1  5    5.  "Internal Revenue Code" means the Internal Revenue Code
  1  6 of 1954, prior to the date of its redesignation as the
  1  7 Internal Revenue Code of 1986 by the Tax Reform Act of 1986,
  1  8 or means the Internal Revenue Code of 1986 as amended to and
  1  9 including March 31, 2002, whichever is applicable.
  1 10    Sec. 2.  RETROACTIVITY.  This Act applies retroactively to
  1 11 January 1, 2001, for tax years beginning on or after that
  1 12 date.
  1 13    Sec. 3.  EFFECTIVE DATE.  This Act, being deemed of
  1 14 immediate importance, takes effect upon enactment.  
  1 15                           EXPLANATION
  1 16    This bill updates the reference to the federal Internal
  1 17 Revenue Code to include changes to the Internal Revenue Code
  1 18 up to March 31, 2002, including changes made by the federal
  1 19 Economic Recovery and Assistance for American Workers Act of
  1 20 2001.
  1 21    The bill takes effect upon enactment and applies
  1 22 retroactively to January 1, 2001, for tax years beginning on
  1 23 or after that date.  
  1 24 LSB 7178HC 79
  1 25 sc/sh/8
     

Text: HSB00721                          Text: HSB00723
Text: HSB00700 - HSB00799               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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