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.