Senate File 510 S-3198 Amend Senate File 510 as follows: 1 1. Page 92, after line 28 by inserting: 2 < DIVISION ___ 3 INDIVIDUAL INCOME TAX EXEMPTION 4 Sec. ___. NEW SECTION . 422.5A Exempt individuals. 5 1. Notwithstanding any other provision of law to 6 the contrary, an individual who is at least sixty-five 7 years old on December 31 of the tax year shall be 8 exempt from the taxes imposed under this division. 9 2. Notwithstanding any other provision of law 10 to the contrary, an individual exempt from the taxes 11 imposed under this division pursuant to subsection 12 1 shall not be required to make and file a return 13 pursuant to section 422.13. 14 3. Notwithstanding any other provision of law to 15 the contrary, a withholding agent, employer, or other 16 person shall not be required to deduct and withhold any 17 amounts as required in section 422.16 for or from an 18 individual who is exempt from the taxes imposed under 19 this division pursuant to subsection 1. 20 Sec. ___. Section 422.12, subsection 2, paragraph 21 a, subparagraph (4), Code 2015, is amended by striking 22 the subparagraph. 23 Sec. ___. EFFECTIVE UPON ENACTMENT. This division 24 of this Act, being deemed of immediate importance, 25 takes effect upon enactment. 26 Sec. ___. RETROACTIVE APPLICABILITY. This division 27 of this Act applies retroactively to January 1, 2015, 28 for tax years beginning on or after that date. > 29 2. By renumbering as necessary. 30 ______________________________ MARK CHELGREN ______________________________ JASON SCHULTZ ______________________________ MARK SEGEBART ______________________________ JACK WHITVER -1- SF510.2054 (2) 86 tm/rn 1/ 1 #1. #2.