Senate
File
2372
S-5076
Amend
Senate
File
2372
as
follows:
1
1.
Page
1,
after
line
10
by
inserting:
2
<
Sec.
___.
Section
423.2,
Code
2022,
is
amended
by
adding
3
the
following
new
subsection:
4
NEW
SUBSECTION
.
13.
The
department
shall
adopt
rules
5
pursuant
to
chapter
17A
to
administer
subsection
6,
paragraphs
6
“bu”
,
“bv”
,
and
“bw”
.
>
7
2.
Page
2,
by
striking
lines
19
through
23
and
inserting:
8
<
NEW
SUBSECTION
.
108.
The
sales
price
from
the
sale
of
9
feminine
hygiene
products.
For
purposes
of
this
subsection,
10
“feminine
hygiene
products”
means
tampons,
panty
liners,
11
menstrual
cups,
sanitary
napkins,
and
other
similar
tangible
12
personal
property
designed
for
feminine
hygiene
in
connection
13
with
the
human
menstrual
cycle.
>
14
3.
Page
2,
line
24,
by
striking
<
108.
>
and
inserting
<
109.
>
15
4.
Page
3,
after
line
13
by
inserting:
16
<
Sec.
___.
EFFECTIVE
DATE.
The
following
takes
effect
17
January
1,
2024:
18
The
section
of
this
division
of
this
Act
amending
section
19
423.3,
subsection
47,
paragraph
“a”,
subparagraph
(4).
>
20
5.
Page
6,
after
line
1
by
inserting:
21
<
Sec.
___.
Section
422.7,
Code
2022,
is
amended
by
adding
22
the
following
new
subsection:
23
NEW
SUBSECTION
.
6.
a.
For
tax
years
beginning
in
the
2023
24
calendar
year,
subtract
the
amount
of
federal
income
taxes
25
paid
during
the
tax
year
to
the
extent
payment
is
for
a
tax
26
year
beginning
prior
to
January
1,
2023,
and
add
any
federal
27
income
tax
refunds
received
during
the
tax
year
to
the
extent
28
the
federal
income
tax
was
deducted
for
a
tax
year
beginning
29
prior
to
January
1,
2023.
Where
married
persons
who
have
filed
30
a
joint
federal
income
tax
return
file
separately
for
state
tax
31
purposes,
such
total
shall
be
divided
between
them
according
32
to
the
portion
of
the
total
paid
by
each.
Federal
income
taxes
33
paid
for
a
tax
year
in
which
an
Iowa
return
was
not
required
to
34
be
filed
shall
not
be
subtracted.
35
-1-
SF
2372.3848
(2)
89
jm/jh
1/
2
#1.
#2.
#3.
#4.
#5.
b.
Notwithstanding
any
other
provision
of
law
to
the
1
contrary,
amounts
subtracted
or
added
pursuant
to
this
2
subsection
shall
not
be
included
in
the
calculation
of
net
3
income
for
purposes
of
section
422.5,
subsection
3
or
3B,
or
4
section
422.13.
5
c.
This
subsection
is
repealed
January
1,
2028.
>
6
6.
By
striking
page
7,
line
29,
through
page
8,
line
22.
7
7.
By
renumbering
as
necessary.
8
______________________________
DAN
DAWSON
-2-
SF
2372.3848
(2)
89
jm/jh
2/
2
#6.
#7.