House File 2220

                                       HOUSE FILE       
                                       BY  STRUYK, DANDEKAR,
                                           QUIRK, and STEVENS


    Passed House, Date                Passed Senate,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the deduction from the individual income tax
  2    of active duty pay for military personnel serving in operation
  3    Iraqi freedom, operation noble eagle, and operation enduring
  4    freedom and including effective and applicability date
  5    provisions.
  6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  7 TLSB 6204YH 80
  8 mg/sh/8

PAG LIN

  1  1    Section 1.  Section 422.7, subsection 40, Code Supplement
  1  2 2003, is amended to read as follows:
  1  3    40.  Subtract, to the extent included, active duty pay
  1  4 received by a person in the regular armed forces, the national
  1  5 guard, or armed forces military reserve for service performed
  1  6 on or after January 1, 2003, pursuant to military orders
  1  7 related to Operation Iraqi Freedom, Operation Noble Eagle, and
  1  8 Operation Enduring Freedom.
  1  9    Sec. 2.  EFFECTIVE AND APPLICABILITY DATES.  This Act,
  1 10 being deemed of immediate importance, takes effect upon
  1 11 enactment and applies retroactively to January 1, 2003, for
  1 12 tax years beginning on or after that date.
  1 13                           EXPLANATION
  1 14    This bill provides for an income tax deduction for active
  1 15 duty pay received by members of the regular armed forces
  1 16 pursuant to military orders related to operation Iraqi
  1 17 freedom, operation noble eagle, and operation enduring freedom
  1 18 similar to the deduction presently allowed for national guard
  1 19 and military reserves.
  1 20    The bill takes effect upon enactment and applies
  1 21 retroactively to January 1, 2003, for tax years beginning on
  1 22 or after that date.
  1 23 LSB 6204YH 80
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