Text: HSB00315 Text: HSB00317 Text: HSB00300 - HSB00399 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SUBCHAPTER IV
1 2 Section 1. NEW SECTION. 15F.306 SULLIVAN BROTHERS FUND.
1 3 A Sullivan brothers fund is created in the office of the
1 4 treasurer of state. The fund is composed of moneys
1 5 appropriated or available to and obtained or accepted by the
1 6 treasurer of state for deposit in the fund. The fund shall
1 7 include moneys credited to the fund as provided in section
1 8 422.12F. All interest earned on moneys in the fund shall be
1 9 credited to and remain in the fund. Section 8.33 does not
1 10 apply to moneys in the fund.
1 11 Moneys in the fund are subject to appropriation by the
1 12 general assembly annually for the purposes of providing grants
1 13 to entities that serve as an official repository of Sullivan
1 14 brothers documents and artifacts. The grants may be used to
1 15 fund projects the purpose of which is to preserve history
1 16 relating to veterans and, specifically, to educate the public
1 17 about the Sullivan brothers and their contributions to, and
1 18 sacrifices for, the war effort during World War II and to
1 19 preserve historical documents and artifacts relating to
1 20 veterans and to the Sullivan brothers.
1 21 The department may authorize payment of moneys appropriated
1 22 from the fund to the department upon approval of an
1 23 application from a private or public organization. The
1 24 applicant shall submit a plan for educational and historic
1 25 preservation efforts along with its application. The
1 26 department shall establish standards relating to the type of
1 27 projects and entities eligible for assistance.
1 28 Sec. 2. Section 422.12E, Code 2003, is amended by adding
1 29 the following new unnumbered paragraph:
1 30 NEW UNNUMBERED PARAGRAPH. If more than one checkoff is
1 31 enacted in the same session of the general assembly for
1 32 inclusion on the individual income tax return form and, by
1 33 operation of this section, only one new checkoff is allowed on
1 34 the individual income tax return form, the earliest enacted
1 35 checkoff shall be included on the return form, or shall be
2 1 included on the first available opening on the return form,
2 2 and the inclusion on the return form of any other checkoffs
2 3 enacted will be for subsequent tax years in the chronological
2 4 order in which the checkoffs were enacted.
2 5 Sec. 3. NEW SECTION. 422.12F INCOME TAX REFUND CHECKOFF
2 6 FOR SULLIVAN BROTHERS FUND.
2 7 1. A person who files an individual or a joint income tax
2 8 return with the department of revenue and finance under
2 9 section 422.13 may designate one dollar or more to be paid to
2 10 the Sullivan brothers fund as created in section 15F.306. If
2 11 the refund due on the return or the payment remitted with the
2 12 return is insufficient to pay the additional amount designated
2 13 by the taxpayer to the Sullivan brothers fund, the amount
2 14 designated shall be reduced to the remaining amount of refund
2 15 or the remaining amount remitted with the return. The
2 16 designation of a contribution to the Sullivan brothers fund
2 17 under this section is irrevocable.
2 18 2. The director of revenue and finance shall draft the
2 19 income tax form to allow the designation of contributions to
2 20 the Sullivan brothers fund on the tax return. The department
2 21 of revenue and finance, on or before January 31, shall certify
2 22 the total amount designated on the tax return forms due in the
2 23 preceding calendar year and shall report the amount to the
2 24 treasurer of state. The treasurer of state shall credit the
2 25 amount to the Sullivan brothers fund. However, before a
2 26 checkoff pursuant to this section shall be permitted, all
2 27 liabilities on the books of the department of revenue and
2 28 finance and accounts identified as owing under section 421.17
2 29 and the political contribution allowed under section 56.18
2 30 shall be satisfied.
2 31 3. Moneys in the fund are subject to appropriation as
2 32 provided in section 15F.306.
2 33 4. The department of revenue and finance shall adopt rules
2 34 to administer this section.
2 35 5. This section is subject to repeal under section
3 1 422.12E.
3 2 Sec. 4. EFFECTIVE DATE. Section 2 of this Act, amending
3 3 section 422.12E, being deemed of immediate importance, takes
3 4 effect upon enactment.
3 5 Sec. 5. APPLICABILITY. Section 3 of this Act enacting
3 6 section 422.12F, applies to tax years beginning on or after
3 7 January 1, 2004, and the checkoff shall be eligible for
3 8 placement on the individual income tax return form for the tax
3 9 year beginning January 1, 2004.
3 10 EXPLANATION
3 11 This bill provides that taxpayers filing individual income
3 12 tax returns will be allowed to designate $1 or more on the
3 13 return to be paid to the Sullivan brothers fund. The bill
3 14 requires the department of revenue and finance to annually
3 15 report to the treasurer of state the amount collected from the
3 16 checkoff. The bill establishes the Sullivan brothers fund in
3 17 the state treasury for deposit of checkoff dollars and other
3 18 moneys. The bill provides that moneys generated from the
3 19 checkoff and other moneys in the fund are appropriated from
3 20 the fund to the department of economic development for
3 21 purposes of awarding grants to entities that serve as an
3 22 official repository of Sullivan brothers documents and
3 23 artifacts. The grants may be used for projects whose purpose
3 24 is to educate the public about veterans and about the Sullivan
3 25 brothers and to preserve historical documents and artifacts
3 26 relating to veterans and to the Sullivan brothers. The bill
3 27 provides that the checkoff is subject to the limitation on the
3 28 number of checkoffs allowed on the Iowa individual income tax
3 29 return, and, for that reason, is subject to repeal. The
3 30 section of the bill creating the checkoff applies to tax years
3 31 beginning on or after January 1, 2004.
3 32 The bill also amends Code section 422.12E relating to the
3 33 limitation on the number of checkoffs allowed on the Iowa
3 34 individual income tax return to provide that if more than one
3 35 checkoff is enacted during a session of the general assembly
4 1 and there is space allowed for only one new checkoff on the
4 2 income tax return form, the checkoff first enacted will take
4 3 the next available opening on the income tax return form.
4 4 This section of the bill takes effect upon enactment.
4 5 LSB 3430HC 80
4 6 sc/cl/14.1
Text: HSB00315 Text: HSB00317 Text: HSB00300 - HSB00399 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
© 2003 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: Fri Apr 25 13:55:21 CDT 2003
URL: /DOCS/GA/80GA/Legislation/HSB/00300/HSB00316/030424.html
jhf