House Amendment 8550


PAG LIN




     1  1    Amend the amendment, H=8440, to Senate File 2312,
     1  2 as amended, passed, and reprinted by the Senate, as
     1  3 follows:
     1  4 #1.  Page 1, by striking lines 6 through 10 and
     1  5 inserting the following:
     1  6    <#   .  Page 1, line 11, by inserting after the
     1  7 word <veterans.> the following:  <Providing grants to
     1  8 eligible injured veterans pursuant to this section is
     1  9 deemed to serve a vital and valid public purpose of
     1 10 the state by assisting injured veterans and their
     1 11 families.>
     1 12 #   .  Page 1, by inserting after line 11 the
     1 13 following:
     1 14    <2A.  The department may receive and accept
     1 15 donations, grants, gifts, and contributions from any
     1 16 public or private source for the purpose of providing
     1 17 grants under this section.  Moneys received by the
     1 18 department pursuant to this subsection shall be
     1 19 deposited in an injured veterans trust fund which
     1 20 shall be created in the state treasury under the
     1 21 control of the department.  Moneys credited to the
     1 22 trust fund shall be appropriated to the department for
     1 23 the purpose of providing injured veterans grants under
     1 24 this section and shall not be transferred, used,
     1 25 obligated, appropriated, or otherwise encumbered,
     1 26 except as provided in this section.  Notwithstanding
     1 27 section 12C.7, subsection 2, interest or earnings on
     1 28 moneys in the trust fund shall be credited to the
     1 29 trust fund.>>
     1 30 #2.  Page 1, by inserting after line 17 the
     1 31 following:
     1 32    <#   .  Page 2, line 11, by striking the word
     1 33 <subsection> and inserting the following:
     1 34 <subsections>.
     1 35 #   .  Page 2, by inserting after line 14 the
     1 36 following:
     1 37    <NEW SUBSECTION.  46.  Subtract, to the extent not
     1 38 otherwise deducted in computing adjusted gross income,
     1 39 the amounts paid by the taxpayer to the department of
     1 40 veterans affairs for the purpose of providing grants
     1 41 under the injured veterans grant program established
     1 42 in section 35A.14.  Amounts subtracted under this
     1 43 subsection shall not be used by the taxpayer in
     1 44 computing the amount of charitable contributions as
     1 45 defined by section 170 of the Internal Revenue Code.>
     1 46 #   .  Title page, line 2, by striking the words
     1 47 <an income tax exclusion> and inserting the following:
     1 48 <income tax exclusions>.
     1 49 #   .  By renumbering as necessary.>
     1 50
     2  1
     2  2                               
     2  3 HUSER of Polk
     2  4 SF 2312.202 81
     2  5 ec/sh/5817

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