House File 2471 H-8294 Amend House File 2471 as follows: 1 1. Page 8, after line 5 by inserting: 2 < DIVISION ___ 3 INCOME TAX CHECKOFFS FOR THE IOWA STATE FAIR FOUNDATION 4 FUND AND THE VETERANS TRUST FUND AND VOLUNTEER FIRE 5 FIGHTER PREPAREDNESS FUND 6 Sec. ___. NEW SECTION . 422.12D Income tax checkoff 7 for the Iowa state fair foundation fund. 8 1. A person who files an individual or a joint 9 income tax return with the department of revenue under 10 section 422.13 may designate one dollar or more to be 11 paid to the foundation fund of the Iowa state fair 12 foundation as established in section 173.22 . If the 13 refund due on the return or the payment remitted with 14 the return is insufficient to pay the amount designated 15 by the taxpayer to the foundation fund, the amount 16 designated shall be reduced to the remaining amount 17 of the refund or the remaining amount remitted with 18 the return. The designation of a contribution to the 19 foundation fund under this section is irrevocable. 20 2. The director of revenue shall draft the income 21 tax form to allow the designation of contributions to 22 the foundation fund on the tax return. The department, 23 on or before January 31, shall transfer the total 24 amount designated on the tax form due in the preceding 25 year to the foundation fund. However, before a 26 checkoff pursuant to this section shall be permitted, 27 all liabilities on the books of the department of 28 administrative services and accounts identified 29 as owing under section 8A.504 and the political 30 contribution allowed under section 68A.601 shall be 31 satisfied. 32 3. The Iowa state fair board may authorize payment 33 from the foundation fund for purposes of supporting 34 foundation activities. 35 4. The department of revenue shall adopt rules to 36 implement this section . 37 5. This section is subject to repeal under section 38 422.12E. 39 Sec. ___. NEW SECTION . 422.12L Joint income tax 40 checkoff for veterans trust fund and volunteer fire 41 fighter preparedness fund. 42 1. A person who files an individual or a joint 43 income tax return with the department of revenue under 44 section 422.13 may designate one dollar or more to 45 be paid jointly to the veterans trust fund created 46 in section 35A.13 and to the volunteer fire fighter 47 preparedness fund created in section 100B.13 . If the 48 refund due on the return or the payment remitted with 49 the return is insufficient to pay the additional amount 50 -1- HF2471.4172 (1) 85 mm/sc 1/ 2 #1.

designated by the taxpayer, the amount designated 1 shall be reduced to the remaining amount of refund or 2 the remaining amount remitted with the return. The 3 designation of a contribution under this section is 4 irrevocable. 5 2. The director of revenue shall draft the income 6 tax form to allow the designation of contributions 7 to the veterans trust fund and to the volunteer fire 8 fighter preparedness fund as one checkoff on the 9 tax return. The department of revenue, on or before 10 January 31, shall transfer one-half of the total 11 amount designated on the tax return forms due in the 12 preceding calendar year to the veterans trust fund and 13 the remaining one-half to the volunteer fire fighter 14 preparedness fund. However, before a checkoff pursuant 15 to this section shall be permitted, all liabilities on 16 the books of the department of administrative services 17 and accounts identified as owing under section 8A.504 18 and the political contribution allowed under section 19 68A.601 shall be satisfied. 20 3. The department of revenue shall adopt rules to 21 administer this section . 22 4. This section is subject to repeal under section 23 422.12E . 24 Sec. ___. REPEAL. Sections 422.12D and 422.12L, 25 Code 2014, are repealed. 26 Sec. ___. RETROACTIVE APPLICABILITY. This division 27 of this Act applies retroactively to January 1, 2014, 28 for tax years beginning on or after that date. > 29 2. Title page, line 6, before < making > by inserting 30 < by creating income tax checkoffs for the Iowa state 31 fair foundation fund and the veterans trust fund and 32 volunteer fire fighter preparedness fund, > 33 3. Title page, line 7, after < date > by inserting 34 < and retroactive applicability > 35 4. By renumbering as necessary. 36 ______________________________ WINDSCHITL of Harrison -2- HF2471.4172 (1) 85 mm/sc 2/ 2 #2. #3. #4.