Text: S05477 Text: S05479 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2622, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 10, line 20, by striking the words "tax- 1 4 deferred savings" and inserting the following: 1 5 "qualified retirement plan". 1 6 #2. By striking page 12, line 22 through page 13, 1 7 line 35 and inserting the following: 1 8 "Sec. . Section 422.43, subsection 11, Code 1 9 Supplement 2001, is amended by adding the following 1 10 new unnumbered paragraph: 1 11 NEW UNNUMBERED PARAGRAPH. For purposes of the tax 1 12 on enumerated services under this subsection, service 1 13 charges of financial institutions do not include 1 14 surcharges assessed with regard to nonproprietary ATM 1 15 transactions. This paragraph is repealed June 30, 1 16 2003." 1 17 #3. Page 16, by inserting after line 32 the 1 18 following: 1 19 "Sec. . Section 425.15, Code 2001, is amended 1 20 to read as follows: 1 21 425.15 DISABLED VETERAN TAX CREDIT. 1 22 If the owner of a homestead allowed a credit under 1 23 this chapter is a veteran of any of the military 1 24 forces of the United States, who acquired the 1 25 homestead under 38 U.S.C. } 21.801, 21.802, or 38 1 26 U.S.C. } 2101, 2102, the credit allowed on the 1 27 homestead from the homestead credit fund shall be the 1 28 entire amount of the tax levied on the homestead. The 1 29 credit allowed shall be continued to the estate of a 1 30 veteran who is deceased or the surviving spouse and 1 31 any child, as defined in section 234.1, who are the 1 32 beneficiaries of a deceased veteran, so long as the 1 33 surviving spouse remains unmarried. This section is 1 34 not applicable to the holder of title to any homestead 1 35 whose annual income, together with that of the 1 36 titleholder's spouse, if any, for the last preceding 1 37 twelve-month income tax accounting period exceeds 1 38twenty-fivethirty-five thousand dollars. For the 1 39 purpose of this section "income" means taxable income 1 40 for federal income tax purposes plus income from 1 41 securities of state and other political subdivisions 1 42 exempt from federal income tax. A veteran or a 1 43 beneficiary of a veteran who elects to secure the 1 44 credit provided in this section is not eligible for 1 45 any other real property tax exemption provided by law 1 46 for veterans of military service. If a veteran 1 47 acquires a different homestead, the credit allowed 1 48 under this section may be claimed on the new homestead 1 49 unless the veteran fails to meet the other 1 50 requirements of this section." 2 1 #4. Page 18, by inserting after line 2 the 2 2 following: 2 3 "Sec. . Section 427.1, subsection 2, Code 2 4 Supplement 2001, is amended by adding the following 2 5 new unnumbered paragraph: 2 6 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 7 games on property of a school corporation shall not 2 8 adversely affect the exemption of that property under 2 9 this subsection if all proceeds, in excess of 2 10 expenses, are used for the legitimate purposes of the 2 11 school corporation." 2 12 #5. Page 18, by inserting after line 12 the 2 13 following: 2 14 "Sec. . Section 427.1, subsection 8, Code 2 15 Supplement 2001, is amended by adding the following 2 16 new unnumbered paragraph: 2 17 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 18 games on property of a literary, scientific, 2 19 charitable, benevolent, agricultural, and religious 2 20 institutions and societies shall not adversely affect 2 21 the exemption of that property under this subsection 2 22 if all proceeds, in excess of expenses, are used for 2 23 the legitimate purposes of the institutions or 2 24 societies. 2 25 Sec. . Section 427.1, subsection 9, Code 2 26 Supplement 2001, is amended by adding the following 2 27 new unnumbered paragraph: 2 28 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 29 games on property of an educational institution shall 2 30 not adversely affect the exemption of that property 2 31 under this subsection if all proceeds, in excess of 2 32 expenses, are used for the legitimate purposes of the 2 33 educational institution." 2 34 #6. Page 21, by striking lines 33 through 35. 2 35 #7. Page 22, by striking lines 24 through 29. 2 36 #8. Page 23, by inserting before line 4 the 2 37 following: 2 38 "Sec. . VOLUNTEER FIRE FIGHTERS PENSION TASK 2 39 FORCE – REPORT. A volunteer fire fighters pension 2 40 task force is created concerning the establishment of 2 41 a pension system for volunteer fire fighters in this 2 42 state. The task force shall examine pension plans 2 43 established by other states for volunteer fire 2 44 fighters and shall solicit information from volunteer 2 45 fire fighters, and cities and townships with volunteer 2 46 fire fighters, concerning the establishment of a 2 47 pension system for volunteer fire fighters. The task 2 48 force shall also identify and examine issues relating 2 49 to volunteer fire departments' attraction and 2 50 retention of fire fighters and shall propose solutions 3 1 to these issues of attraction and retention. 3 2 Membership of the task force is to be determined by 3 3 the legislative council. Members shall be appointed 3 4 by the legislative council. The membership shall 3 5 include, but not be limited to, the following: 3 6 1. The commissioner of insurance or the 3 7 commissioner's designee. 3 8 2. The treasurer of state or the treasurer's 3 9 designee. 3 10 3. A representative of a pension system 3 11 established pursuant to Code chapter 411. 3 12 4. A representative of the Iowa public employees' 3 13 retirement system. 3 14 5. A representative of a pension system 3 15 established for private sector employees. 3 16 6. A representative of the state fire and 3 17 emergency response council. 3 18 7. A representative of volunteer fire fighters in 3 19 the state. 3 20 8. A representative of township trustees. 3 21 9. A representative of the Iowa league of cities. 3 22 The legislative service bureau and the legislative 3 23 fiscal bureau shall provide staffing assistance to the 3 24 task force. The department of management shall 3 25 provide other assistance to the task force in 3 26 completing its duties. 3 27 The task force shall submit a report to the general 3 28 assembly by January 1, 2003. The report shall contain 3 29 the findings and recommendations of the task force." 3 30 #9. Page 23, by inserting before line 4, the 3 31 following: 3 32 Sec. . IMPLEMENTATION OF ACT. Section 25B.7 3 33 does not apply to the section of this Act amending 3 34 section 425.15 relating to the disabled veteran tax 3 35 credit." 3 36 #10. Page 23, by striking lines 17 through 20. 3 37 #11. Page 23, by inserting after line 33 the 3 38 following: 3 39 " . The section of this Act amending section 3 40 425.15, being deemed of immediate importance, takes 3 41 effect upon enactment and applies retroactively to 3 42 January 1, 2002, for claims filed or on file on or 3 43 after that date." 3 44 #12. Title page, line 5, by inserting after the 3 45 word "taxes" the following: ", directing a study,". 3 46 #13. By renumbering, relettering, or redesignating 3 47 and correcting internal references as necessary. 3 48 3 49 3 50 4 1 COMMITTEE ON WAYS AND MEANS 4 2 LARRY McKIBBEN, Chairperson 4 3 HF 2622.306 79 4 4 mg/cf
Text: S05477 Text: S05479 Text: S05400 - S05499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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