House Journal: Page 210: Thursday, January 31, 2002
Ways and Means Calendar
House File 2116, a bill for an act updating the Iowa Code
references to the Internal Revenue Code, repealing an adjustment to
net income for capital gains from installment sales, relating to an
adjustment to income for school district income surtax paid, providing
that refunds from the federal rebate are not taxable, correcting a
reference in the innocent spouse statute, and providing retroactive
applicability dates and an effective date, was taken up for
consideration.
Speaker Siegrist in the chair at 9:18 a.m.
Millage of Scott offered the following amendment H-8019 filed by
Millage, et al., and moved its adoption:
H-8019
1 Amend House File 2116 as follows:
2 1. Page 2, by inserting after line 7, the
3 following:
4 "Sec. 100. Section 422.8, subsection 5, Code 2001,
5 is amended to read as follows:
6 5. The director may, in accordance with the
7 provisions of this subsection, and when cost-
8 efficient, administratively feasible, and of mutual
9 benefit to both states, enter into reciprocal
10 agreements with tax administration agencies of other
11 states to further tax administration and eliminate
12 duplicate withholding by exempting from Iowa taxation
13 income earned from personal services in Iowa by
14 residents of another state, if the other state
15 provides a tax exemption for the same type of income
16 earned from personal services by Iowa residents in the
17 other state. For purposes of this subsection, "income
18 earned from personal services" means wages, salaries,
19 commissions, and tips, and earned income from other
20 sources. This subsection does not authorize the
21 department to withhold taxes on deferred compensation
22 payments, pension distributions, and annuity payments
23 when paid to a nonresident of the state of Iowa. All
24 the terms of the agreements shall be described in the
25 rules adopted by the department.
26 A reciprocal agreement entered into on or after the
27 effective date of this Act with a tax administration
28 agency of another state shall not take effect until
29 such agreement has been authorized by a constitutional
30 majority of each house of the general assembly and
© 2002 Cornell College and
League of Women Voters of Iowa
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