Text: SF00427 Text: SF00429 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 29.4 MILITARY FAMILY RELIEF 1 2 FUND. 1 3 1. A military family relief fund is created as a separate 1 4 and distinct fund in the state treasury under the control of 1 5 the department of public defense. 1 6 2. Revenue for the military family relief fund shall 1 7 include, but is not limited to, the following: 1 8 a. Moneys credited to the fund pursuant to section 1 9 422.12F. 1 10 b. Moneys in the form of a devise, gift, bequest, 1 11 donation, or federal or other grant intended to be used for 1 12 the purposes of the fund. 1 13 3. Moneys in the military family relief fund are not 1 14 subject to section 8.33. Notwithstanding section 12C.7, 1 15 subsection 2, interest or earnings on moneys in the fund shall 1 16 be credited to the fund. 1 17 4. Moneys in the military family relief fund are 1 18 appropriated to the department of public defense to be used to 1 19 make grants to families of persons who are members of the Iowa 1 20 national guard or Iowa residents who are members of the 1 21 reserve forces of the armed forces of the United States and 1 22 who have been called to active duty as a result of the 1 23 September 11, 2001, terrorist attacks. 1 24 5. The department of public defense shall establish 1 25 eligibility criteria for the grants by rule. 1 26 Sec. 2. Section 422.12E, Code 2003, is amended to read as 1 27 follows: 1 28 422.12E INCOME TAX RETURN CHECKOFFS LIMITED. 1 29 For tax years beginning on or after January 1, 1995, there 1 30 shall be allowed no more than three income tax return 1 31 checkoffs on each income tax return. When the same three 1 32 income tax return checkoffs have been provided on the income 1 33 tax return for three consecutive years, the checkoff for which 1 34 the least amount has been contributed, in the aggregate for 1 35 the first two tax years and through March 15 of the third tax 2 1 year,shall beis repealed. This section does not apply to 2 2 the income tax returncheckoffcheckoffs provided insection2 3 sections 56.18 and 422.12F. 2 4 Sec. 3. NEW SECTION. 422.12F INCOME TAX CHECKOFF FOR 2 5 MILITARY FAMILY RELIEF FUND. 2 6 1. For the tax year beginning January 1, 2003, a person 2 7 who files an individual or a joint income tax return with the 2 8 department of revenue and finance under section 422.13 may 2 9 designate one dollar or more to be paid to the military family 2 10 relief fund as created in section 29.4. If the refund due on 2 11 the return or the payment remitted with the return is 2 12 insufficient to pay the additional amount designated by the 2 13 taxpayer to the military family relief 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 military family relief 2 17 fund 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 military family relief fund on the tax return. The 2 21 department of revenue and finance, on or before January 31, 2 22 shall certify the total amount designated on the tax return 2 23 forms due in the preceding calendar year and shall report the 2 24 amount to the treasurer of state. The treasurer of state 2 25 shall credit the amount to the military family relief fund. 2 26 However, before a checkoff pursuant to this section shall be 2 27 permitted, all liabilities on the books of the department of 2 28 revenue and finance and accounts identified as owing under 2 29 section 421.17 and the political contribution allowed under 2 30 section 56.18 shall be satisfied. 2 31 3. The department of revenue and finance shall adopt rules 2 32 to administer this section. 2 33 4. The limitation on income tax return checkoffs specified 2 34 in section 422.12E does not apply to this checkoff. 2 35 Sec. 4. RETROACTIVE APPLICABILITY. Sections 2 and 3 of 3 1 this Act apply retroactively to January 1, 2003, for the tax 3 2 year beginning on that date and the military family relief 3 3 fund checkoff shall be eligible for placement on the 3 4 individual income tax return form for the tax year beginning 3 5 January 1, 2003. 3 6 EXPLANATION 3 7 This bill creates the military family relief fund under the 3 8 control of the department of public defense. Moneys in the 3 9 fund are appropriated to the department of public defense. 3 10 Moneys in the fund are to be used to make grants to families 3 11 of persons who are members of the Iowa national guard or 3 12 residents who are members of the army reserves and who have 3 13 been called to active duty as a result of the September 11, 3 14 2001, attacks. 3 15 The bill also creates a military family relief fund income 3 16 tax checkoff. Moneys collected from the checkoff are to be 3 17 credited to the fund. 3 18 The bill also provides that the limitation on the number of 3 19 checkoffs allowed on the Iowa individual income tax return 3 20 does not apply to the military family relief fund checkoff. 3 21 The provisions of the bill relating to the military family 3 22 relief fund checkoff apply retroactively to the tax year 3 23 beginning January 1, 2003. 3 24 LSB 2413SS 80 3 25 sc/pj/5
Text: SF00427 Text: SF00429 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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