House File 91

                                       HOUSE FILE       
                                       BY  ELGIN




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

                                      A BILL FOR

  1 An Act exempting from state individual income tax the active duty
  2    pay of a member of the Iowa national guard or the armed forces
  3    of the United States and including effective and retroactive
  4    applicability dates.
  5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  6 TLSB 1910HH 80
  7 mg/sh/8

PAG LIN

  1  1    Section 1.  Section 422.7, Code 2003, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  25A.  Subtract, to the extent included,
  1  4 active duty pay received by a person in the national guard or
  1  5 armed forces regular or reserve units when on active duty on
  1  6 or after January 1, 2003.
  1  7    Sec. 2.  EFFECTIVE AND APPLICABILITY DATE.  This Act, being
  1  8 deemed of immediate importance, takes effect upon enactment
  1  9 and applies retroactively to January 1, 2003, for tax years
  1 10 beginning on or after that date.
  1 11                           EXPLANATION
  1 12    This bill exempts from the individual income tax active
  1 13 duty pay of a person in the national guard or the armed forces
  1 14 regular or reserve units when on active duty on or after
  1 15 January 1, 2003.
  1 16    The bill takes effect upon enactment and applies
  1 17 retroactively to January 1, 2003, for tax years beginning on
  1 18 or after that date.
  1 19 LSB 1910HH 80
  1 20 mg/sh/8
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