Text: SF00245 Text: SF00247 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.7, Code 2003, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 39. Subtract, to the extent included, the
1 4 amount of death benefits received by the taxpayer and
1 5 taxpayer's spouse or dependent as a result of the death of a
1 6 member of the armed forces of the United States if the death
1 7 occurred while serving in or as a result of wounds, disease,
1 8 or injury while serving in a terroristic or military action as
1 9 defined in section 692(c)(2) of the Internal Revenue Code.
1 10 Sec. 2. EFFECTIVE AND APPLICABILITY DATE. This Act, being
1 11 deemed of immediate importance, takes effect upon enactment
1 12 and applies retroactively to January 1, 2003, for tax years
1 13 beginning or on after that date.
1 14 EXPLANATION
1 15 This bill exempts from state individual income tax death
1 16 benefits received as a result of the death of a member of the
1 17 United States armed forces which occurred in or as a result of
1 18 a terroristic or military action.
1 19 The bill takes effect upon enactment and applies beginning
1 20 with the 2003 tax year.
1 21 LSB 1474XS 80
1 22 mg/pj/5
Text: SF00245 Text: SF00247 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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