House Journal: Page 2157: Tuesday, June 3, 2003
3 exceeding thirty thousand
4 dollars, six and eight-tenths
5 percent.: ............................ 6.68% 6.42% 6.17%
6 h. On all taxable income exceeding
7 thirty thousand dollars but not
8 exceeding forty-five thousand
9 dollars, seven and ninety-two hundredths
10 percent.: ............................ 7.78% 7.48% 7.19%
11 i. On all taxable income exceeding
12 forty-five thousand dollars, eight
13 and ninety-eight hundredths
14 percent.: ............................ 8.82% 8.48% 8.15%
15 Sec. 45. EFFECTIVE AND APPLICABILITY DATE
16 PROVISIONS. This division of this Act takes effect
17 January 1, 2004, for tax years beginning on or after
18 January 1, 2004, but before January 1, 2007.
19 DIVISION III
20 INDIVIDUAL INCOME TAX
21 2007 AND SUBSEQUENT TAX YEARS
22 Sec. 46. Section 422.5, subsection 1, paragraphs a
23 through i, Code 2003, are amended to read as follows:
24 For tax years beginning
25 in the calendar year:
26 2007 and subsequent
27 calendar years
28 a. On all taxable income from
29 zero through one thousand dollars,
30 thirty-six hundredths of one
31 percent.: ............................. .31%
32 b. On all taxable income exceeding
33 one thousand dollars but not
34 exceeding two thousand dollars,
35 seventy-two hundredths of one
36 percent.: ............................. .61%
37 c. On all taxable income exceeding
38 two thousand dollars but not
39 exceeding four thousand dollars,
40 two and forty-three hundredths
41 percent.: ............................ 2.06%
42 d. On all taxable income exceeding
43 four thousand dollars but not
44 exceeding nine thousand dollars,
45 four and one-half percent.: .......... 3.81%
46 e. On all taxable income exceeding
47 nine thousand dollars but not
48 exceeding fifteen thousand
49 dollars, six and twelve hundredths
50 percent.: ............................ 5.19%
Page 25
1 f. On all taxable income exceeding
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League of Women Voters of Iowa
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