Senate File 510 S-3194 Amend Senate File 510 as follows: 1 1. Page 92, after line 28 by inserting: 2 < DIVISION ___ 3 IOWA EDUCATION SAVINGS PLAN TRUST 4 Sec. ___. Section 422.7, subsection 32, paragraph 5 a, Code 2015, is amended to read as follows: 6 a. Subtract the maximum contribution that may be 7 deducted for Iowa income tax purposes as a participant 8 in the Iowa educational savings plan trust pursuant 9 to section 12D.3, subsection 1 , paragraph “a” . For 10 purposes of this paragraph, a participant who makes 11 a contribution on or before the date prescribed in 12 section 422.21 for making and filing an individual 13 income tax return, excluding extensions, may elect to 14 be deemed to have made the contribution on the last 15 day of the preceding calendar year. The director, 16 after consultation with the treasurer of state, shall 17 prescribe by rule the manner and method by which a 18 participant may make an election authorized by the 19 preceding sentence. 20 Sec. ___. RETROACTIVE APPLICABILITY. This division 21 of this Act applies retroactively to January 1, 2015, 22 for tax years beginning on or after that date. > 23 2. By renumbering as necessary. 24 ______________________________ ROBY SMITH -1- SF510.2009 (1) 86 mm/rn 1/ 1 #1. #2.