Senate Amendment 5345
PAG LIN
1 1 Amend House File 2531, as amended, passed, and
1 2 reprinted by the House, as follows:
1 3 #1. Page 46, after line 5 by inserting:
1 4 <DIVISION ___
1 5 INCOME TAX CHECKOFFS
1 6 Sec. ___. Section 235A.2, subsection 1, Code 2009,
1 7 is amended to read as follows:
1 8 1. A child abuse prevention program fund is
1 9 created in the state treasury under the control of the
1 10 department of human services. The fund is composed of
1 11 moneys appropriated or available to and obtained or
1 12 accepted by the treasurer of state for deposit in the
1 13 fund. The fund shall include moneys transferred to
1 14 the fund as provided in section 422.12K 422.12F. All
1 15 interest earned on moneys in the fund shall be credited
1 16 to and remain in the fund. Section 8.33 does not apply
1 17 to moneys in the fund.
1 18 Sec. ___. NEW SECTION. 422.12F Income tax checkoff
1 19 for child abuse prevention program fund.
1 20 1. A person who files an individual or a joint
1 21 income tax return with the department of revenue under
1 22 section 422.13 may designate one dollar or more to be
1 23 paid to the child abuse prevention program fund created
1 24 in section 235A.2. If the refund due on the return or
1 25 the payment remitted with the return is insufficient to
1 26 pay the additional amount designated by the taxpayer
1 27 to the child abuse prevention program fund, the
1 28 amount designated shall be reduced to the remaining
1 29 amount remitted with the return. The designation of a
1 30 contribution to the child abuse prevention program fund
1 31 under this section is irrevocable.
1 32 2. The director of revenue shall draft the income
1 33 tax form to allow the designation of contributions
1 34 to the child abuse prevention program fund on the
1 35 tax return. The department of revenue, on or before
1 36 January 31, shall transfer the total amount designated
1 37 on the tax return forms due in the preceding calendar
1 38 year to the child abuse prevention program fund.
1 39 However, before a checkoff pursuant to this section
1 40 shall be permitted, all liabilities on the books of
1 41 the department of administrative services and accounts
1 42 identified as owing under section 8A.504 and the
1 43 political contribution allowed under section 68A.601
1 44 shall be satisfied.
1 45 3. The department of human services may authorize
1 46 payment of moneys from the child abuse prevention
1 47 program fund, in accordance with section 235A.2.
1 48 4. The department of revenue shall adopt rules to
1 49 administer this section.
1 50 5. This section is subject to repeal under section
2 1 422.12E.
2 2 Sec. ___. NEW SECTION. 422.12G Joint income tax
2 3 refund checkoff for veterans trust fund and volunteer
2 4 fire fighter preparedness fund.
2 5 1. A person who files an individual or a joint
2 6 income tax return with the department of revenue under
2 7 section 422.13 may designate one dollar or more to
2 8 be paid jointly to the veterans trust fund created
2 9 in section 35A.13 and to the volunteer fire fighter
2 10 preparedness fund created in section 100B.13. If the
2 11 refund due on the return or the payment remitted with
2 12 the return is insufficient to pay the additional amount
2 13 designated by the taxpayer, the amount designated
2 14 shall be reduced to the remaining amount of refund or
2 15 the remaining amount remitted with the return. The
2 16 designation of a contribution under this section is
2 17 irrevocable.
2 18 2. The director of revenue shall draft the income
2 19 tax form to allow the designation of contributions
2 20 to the veterans trust fund and to the volunteer fire
2 21 fighter preparedness fund as one checkoff on the
2 22 tax return. The department of revenue, on or before
2 23 January 31, shall transfer one=half of the total
2 24 amount designated on the tax return forms due in the
2 25 preceding calendar year to the veterans trust fund and
2 26 the remaining one=half to the volunteer fire fighter
2 27 preparedness fund. However, before a checkoff pursuant
2 28 to this section shall be permitted, all liabilities on
2 29 the books of the department of administrative services
2 30 and accounts identified as owing under section 8A.504
2 31 and the political contribution allowed under section
2 32 68A.601 shall be satisfied.
2 33 3. The department of revenue shall adopt rules to
2 34 administer this section.
2 35 4. This section is subject to repeal under section
2 36 422.12E.
2 37 Sec. ___. REPEAL. Section 422.12L, Code 2009, is
2 38 repealed.
2 39 Sec. ___. REPEAL. Section 422.12K, Code Supplement
2 40 2009, is repealed.
2 41 Sec. ___. RETROACTIVE APPLICABILITY. This division
2 42 of this Act applies retroactively to January 1, 2010,
2 43 for tax years beginning on or after that date.
2 44 DIVISION ___
2 45 VENTURE CAPITAL TAX CREDIT ==
2 46 COMMUNITY=BASED SEED CAPITAL FUND
2 47 Sec. ___. Section 422.11F, subsection 1, Code 2009,
2 48 is amended by striking the subsection.
2 49 Sec. ___. Section 422.33, subsection 12, paragraph
2 50 a, Code Supplement 2009, is amended by striking the
3 1 paragraph.
3 2 Sec. ___. Section 422.60, subsection 5, paragraph
3 3 a, Code Supplement 2009, is amended by striking the
3 4 paragraph.
3 5 Sec. ___. Section 432.12C, subsection 1, Code 2009,
3 6 is amended by striking the subsection.
3 7 Sec. ___. Section 533.329, subsection 2, paragraph
3 8 h, Code Supplement 2009, is amended by striking the
3 9 paragraph.
3 10 Sec. ___. REPEAL. Sections 15E.41, 15E.42, 15E.43,
3 11 15E.44, 15E.45, and 15E.46, Code 2009, are repealed.
3 12 Sec. ___. TAX CREDIT CERTIFICATE VALIDITY. Tax
3 13 credit certificates issued for future tax years for
3 14 investments made on or before July 1, 2010, under
3 15 the provisions repealed in this division of this Act
3 16 are valid and may be claimed by a taxpayer after the
3 17 effective date of this division of this Act in the tax
3 18 year stated on the certificate.>
3 19 #2. By renumbering as necessary.
JOE BOLKCOM
HF2531.2871 (2) 83
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