House Amendment 1709


PAG LIN




     1  1    Amend House File 883 as follows:
     1  2 #1.  Page 1, by inserting before line 1 the
     1  3 following:
     1  4    <Section 1.  Section 422.7, subsection 13, Code
     1  5 2007, is amended to read as follows:
     1  6    13.  a.  Subtract, to the extent included, the
     1  7 amount of additional social security benefits taxable
     1  8 under the Internal Revenue Code for tax years
     1  9 beginning on or after January 1, 1994, but before
     1 10 January 1, 2014 2011.  The amount of social security
     1 11 benefits taxable as provided in section 86 of the
     1 12 Internal Revenue Code, as amended up to and including
     1 13 January 1, 1993, continues to apply for state income
     1 14 tax purposes for tax years beginning on or after
     1 15 January 1, 1994, but before January 1, 2014 2011.
     1 16    b.  (1)  For tax years beginning in the 2007
     1 17 calendar year, subtract, to the extent included,
     1 18 thirty=two percent of taxable social security benefits
     1 19 remaining after the subtraction in paragraph "a".
     1 20    (2)  For tax years beginning in the 2008 calendar
     1 21 year, subtract, to the extent included, thirty=two
     1 22 forty percent of taxable social security benefits
     1 23 remaining after the subtraction in paragraph "a".
     1 24    (3)  For tax years beginning in the 2009 calendar
     1 25 year, subtract, to the extent included, forty=three
     1 26 sixty percent of taxable social security benefits
     1 27 remaining after the subtraction in paragraph "a".
     1 28    (4)  For tax years beginning in the 2010 calendar
     1 29 year, subtract, to the extent included, fifty=five
     1 30 eighty percent of taxable social security benefits
     1 31 remaining after the subtraction in paragraph "a".
     1 32    (5)  For tax years beginning in the 2011 calendar
     1 33 year, subtract, to the extent included, sixty=seven
     1 34 percent of taxable social security benefits remaining
     1 35 after the subtraction in paragraph "a".
     1 36    (6)  For tax years beginning in the 2012 calendar
     1 37 year, subtract, to the extent included, seventy=seven
     1 38 percent of taxable social security benefits remaining
     1 39 after the subtraction in paragraph "a".
     1 40    (7)  For tax years beginning in the 2013 calendar
     1 41 year, subtract, to the extent included, eighty=nine
     1 42 percent of taxable social security benefits remaining
     1 43 after the subtraction in paragraph "a".
     1 44    c.  Married taxpayers, who file a joint federal
     1 45 income tax return and who elect to file separate
     1 46 returns or who elect separate filing on a combined
     1 47 return for state income tax purposes, shall allocate
     1 48 between the spouses the amount of benefits subtracted
     1 49 under paragraphs "a" and "b" from net income in the
     1 50 ratio of the social security benefits received by each
     2  1 spouse to the total of these benefits received by both
     2  2 spouses.
     2  3    d.  For tax years beginning on or after January 1,
     2  4 2014 2011, subtract, to the extent included, the
     2  5 amount of social security benefits taxable under
     2  6 section 86 of the Internal Revenue Code.>
     2  7 #2.  Title page, line 1, by inserting after the
     2  8 words <relating to> the following:  <the phase out of
     2  9 the tax on social security benefits, and to>.
     2 10
     2 11
     2 12                               
     2 13 LUKAN of Dubuque
     2 14
     2 15
     2 16                               
     2 17 PAULSEN of Linn
     2 18
     2 19
     2 20                               
     2 21 SANDS of Louisa
     2 22
     2 23
     2 24                               
     2 25 WIENCEK of Black Hawk
     2 26
     2 27
     2 28                               
     2 29 UPMEYER of Hancock
     2 30
     2 31
     2 32                               
     2 33 ALONS of Sioux
     2 34
     2 35
     2 36                               
     2 37 DEYOE of Story
     2 38
     2 39
     2 40                               
     2 41 DRAKE of Pottawattamie
     2 42
     2 43
     2 44                               
     2 45 HOFFMAN of Crawford
     2 46
     2 47
     2 48                               
     2 49 GRANZOW of Hardin
     2 50
     3  1
     3  2                               
     3  3 SODERBERG of Plymouth
     3  4
     3  5
     3  6                               
     3  7 RASMUSSEN of Buchanan
     3  8
     3  9
     3 10                               
     3 11 GRASSLEY of Butler
     3 12
     3 13
     3 14                               
     3 15 TYMESON of Madison
     3 16
     3 17
     3 18                               
     3 19 MAY of Dickinson
     3 20
     3 21
     3 22                               
     3 23 CLUTE of Polk
     3 24
     3 25
     3 26                               
     3 27 KAUFMANN of Cedar
     3 28
     3 29
     3 30                               
     3 31 L. Miller of Scott
     3 32
     3 33
     3 34                               
     3 35 FORRISTALL of Pottawattamie
     3 36
     3 37
     3 38                               
     3 39 WINDSCHITL of Harrison
     3 40
     3 41
     3 42                               
     3 43 VAN FOSSEN of Scott
     3 44
     3 45 HF 883.504 82
     3 46 mg/je/9097

                              -1-