House
File
351
H-1013
Amend
House
File
351
as
follows:
1
1.
Page
2,
after
line
26
by
inserting:
2
<
Sec.
___.
Section
422.12B,
subsection
1,
paragraph
3
a,
Code
2015,
is
amended
to
read
as
follows:
4
a.
The
taxes
imposed
under
this
division
less
the
5
credits
allowed
under
section
422.12
shall
be
reduced
6
by
an
earned
income
credit
equal
to
the
following
7
percentage
of
the
federal
earned
income
credit
provided
8
in
section
32
of
the
Internal
Revenue
Code:
9
(1)
For
the
tax
year
beginning
in
the
2013
calendar
10
year,
fourteen
percent.
11
(2)
For
the
tax
years
year
beginning
on
or
after
12
January
1,
2014
in
the
2014
calendar
year
,
fifteen
13
percent.
14
(3)
For
tax
years
beginning
on
or
after
January
1,
15
2015,
eighteen
percent.
>
16
2.
Page
10,
after
line
17
by
inserting:
17
<
Sec.
___.
RETROACTIVE
APPLICABILITY.
The
18
section
of
this
Act
amending
section
422.12B
applies
19
retroactively
to
January
1,
2015,
for
tax
years
20
beginning
on
or
after
that
date.
>
21
3.
Title
page,
line
1,
after
<
to
>
by
inserting
22
<
state
taxes
by
providing
for
>
23
4.
Title
page,
by
striking
lines
8
and
9
and
24
inserting
<
repeal
date
of
the
access
Iowa
highway
25
plan,
modifying
the
earned
income
credit,
and
26
including
effective
date
and
retroactive
applicability
27
provisions.
>
28
5.
By
renumbering
as
necessary.
29
______________________________
GASKILL
of
Wapello
______________________________
ANDERSON
of
Polk
______________________________
BEARINGER
of
Fayette
______________________________
BENNETT
of
Linn
______________________________
BROWN-POWERS
of
Black
Hawk
-1-
HF351.310
(2)
86
ns/sc
1/
3
#1.
#2.
#3.
#4.
#5.
______________________________
COHOON
of
Des
Moines
______________________________
DAWSON
of
Woodbury
______________________________
FINKENAUER
of
Dubuque
______________________________
GAINES
of
Polk
______________________________
HALL
of
Woodbury
______________________________
HANSON
of
Jefferson
______________________________
HUNTER
of
Polk
______________________________
ISENHART
of
Dubuque
______________________________
JACOBY
of
Johnson
______________________________
KEARNS
of
Lee
______________________________
KELLEY
of
Jasper
______________________________
LENSING
of
Johnson
______________________________
MASCHER
of
Johnson
-2-
HF351.310
(2)
86
ns/sc
2/
3
______________________________
McCONKEY
of
Pottawattamie
______________________________
MEYER
of
Polk
______________________________
H.
MILLER
of
Webster
______________________________
OLDSON
of
Polk
______________________________
PRICHARD
of
Floyd
______________________________
RUFF
of
Clayton
______________________________
SMITH
of
Marshall
______________________________
STAED
of
Linn
______________________________
STECKMAN
of
Cerro
Gordo
______________________________
T.
TAYLOR
of
Linn
______________________________
THEDE
of
Scott
______________________________
WINCKLER
of
Scott
______________________________
WOLFE
of
Clinton
-3-
HF351.310
(2)
86
ns/sc
3/
3