House File 2317 S-5027 Amend the amendment, S-5022, to House File 2317, as passed by 1 the House, as follows: 2 1. By striking page 9, line 5, through page 15, line 5, and 3 inserting the following: 4 < DIVISION ___ 5 INDIVIDUAL INCOME TAX RATES FOR TAX YEARS BEGINNING ON OR AFTER 6 2023 7 Sec. ___. 2018 Iowa Acts, chapter 1161, section 107, is 8 amended by striking the section and inserting in lieu thereof 9 the following: 10 SEC. 107. Section 422.5A , as enacted in this Act, is amended 11 by striking the section and inserting in lieu thereof the 12 following: 13 422.5A Tax rates. 14 1. The tax imposed in section 422.5 shall be calculated 15 at the following rates in the case of a married couple filing 16 jointly: 17 a. On all taxable income from 0 through $500,000, the rate 18 of 3.90 percent. 19 b. On all taxable income exceeding $500,000, the rate of 20 6.50 percent. 21 2. The tax imposed in section 422.5 shall be calculated at 22 the following rates in the case of any taxpayer other than a 23 married couple filing jointly: 24 a. On all taxable income from 0 through $250,000, the rate 25 of 3.90 percent. 26 b. On all taxable income exceeding $250,000, the rate of 27 6.50 percent. > 28 2. By renumbering as necessary. 29 ______________________________ JACKIE SMITH -1- S 5022.3427 (2) 89 jm/jh 1/ 1 #1. #2.