H-8266

   Amend  the amendment, H-8257, to House File 2565, as follows:
   1.  Page 1, by striking lines 1 through 8 and inserting: 
   <Amend House File 2565 as follows:
   1.  By striking everything after the enacting clause and inserting: 
<DIVISION I
EMPLOYEE BONUS —— TAX TREATMENT

   Section 1.  Section 422.7, Code 2022, is amended by adding the following new subsection:
   NEW SUBSECTION.  63.  a.  Subtract, to the extent included, the amount of a bonus received by a teacher above wages that is funded at least in part from moneys received by the state from the elementary and secondary school emergency relief fund pursuant to the federal American Rescue Plan Act of 2021, Pub. L. No. 117-2.
   b.  Subtract, to the extent included, the amount of a bonus received by a school employee above wages, other than a teacher, that is funded by the school district.
   c.  Subtract, to the extent included, the amount of a pandemic-related recruitment or retention bonus received by a child care worker above wages that is funded at least in part from the Iowa worker premium pay program.
   d.  Subtract, to the extent included, the amount of a bonus received by a peace officer or a correctional officer above wages that is funded at least in part from the Iowa worker premium pay program.
   e.  As used in this subsection, “teacher” means the same as defined in section 272.1.
   Sec. 2.  RETROACTIVE APPLICABILITY.  This division of this Act applies retroactively to January 1, 2022, for tax years beginning on or after that date.>
   2.  Title page, by striking lines 1 through 4 and inserting <An Act relating to state taxation by modifying the state sales and use tax and the individual income tax, and including retroactive applicability provisions.>>

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ISENHART of Dubuque