House
File
2274
H-8018
Amend
House
File
2274
as
follows:
1
1.
Page
39,
after
line
9
by
inserting:
2
<
DIVISION
V
3
EARNED
INCOME
TAX
CREDIT
4
Sec.
___.
Section
422.12B,
subsection
1,
Code
2011,
5
is
amended
to
read
as
follows:
6
1.
The
taxes
imposed
under
this
division
less
the
7
credits
allowed
under
section
422.12
shall
be
reduced
8
by
an
earned
income
credit
equal
to
seven
thirteen
9
percent
of
the
federal
earned
income
credit
provided
in
10
section
32
of
the
Internal
Revenue
Code.
Any
credit
in
11
excess
of
the
tax
liability
is
refundable.
12
Sec.
___.
RETROACTIVE
APPLICABILITY.
This
division
13
of
this
Act
applies
retroactively
to
January
1,
2012,
14
for
tax
years
beginning
on
or
after
that
date.
>
15
2.
Title
page,
line
1,
by
striking
<
property
>
16
3.
Title
page,
by
striking
line
10
and
inserting
17
<
making
appropriations,
modifying
provisions
relating
18
to
the
earned
income
tax
credit,
and
including
19
effective
date
and
retroactive
applicability
and
other
>
20
4.
By
renumbering
as
necessary.
21
______________________________
PETERSEN
of
Polk
-1-
HF2274.3808
(2)
84
md/sc
1/
1
#1.
#2.
#3.
#4.