Senate File 2301 S-5095 Amend Senate File 2301 as follows: 1 1. Page 1, after line 17 by inserting: 2 < Sec. ___. Section 422.9, subsection 2, Code 2016, 3 is amended by adding the following new paragraph: 4 NEW PARAGRAPH . j. Subtract charitable 5 contributions under section 170 of the Internal Revenue 6 Code to the extent such contribution was made to an 7 organization for the purpose of deposit in the Iowa 8 education savings plan trust established in chapter 9 12D, and the taxpayer designated that any part of 10 the contribution be used for the direct benefit of 11 any dependent of the taxpayer or any other single 12 beneficiary designated by the taxpayer. 13 Sec. ___. Section 422.35, Code 2016, is amended by 14 adding the following new subsection: 15 NEW SUBSECTION . 13. Add, to the extent it reduced 16 federal taxable income, any amount contributed under 17 section 170 of the Internal Revenue Code to the 18 extent such contribution was made to an organization 19 for the purpose of deposit in the Iowa education 20 savings plan trust established in chapter 12D, and the 21 taxpayer designated that any part of the contribution 22 be used for the direct benefit of any dependent of 23 a shareholder of the taxpayer or any other single 24 beneficiary designated by the taxpayer. > 25 2. Page 1, after line 19 by inserting: 26 < Sec. ___. RETROACTIVE APPLICABILITY. The 27 following provision or provisions of this Act apply 28 retroactively to January 1, 2016, for tax years 29 beginning on or after that date: 30 1. The section of this Act amending section 422.9. 31 2. The section of this Act amending section 32 422.35. > 33 3. Title page, line 2, after < date > by inserting 34 < and retroactive applicability > 35 -1- SF2301.3125 (2) 86 mm/sc 1/ 2 #1. #2.