House File 2077 - Introduced HOUSE FILE BY HUSER, LUKAN, HORBACH, REICHERT, COHOON, QUIRK, MERTZ, STRUYK, KAUFMANN, and THOMAS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to the exclusion of stipends or remuneration paid 2 to volunteer fire fighters from the state individual income 3 tax and including a retroactive applicability date provision. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5160YH 81 6 mg/je/5 PAG LIN 1 1 Section 1. Section 422.7, Code Supplement 2005, is amended 1 2 by adding the following new subsection: 1 3 NEW SUBSECTION. 45. Subtract, to the extent included, the 1 4 first fifteen thousand dollars received as a stipend or 1 5 remuneration by the taxpayer for services rendered as a 1 6 volunteer fire fighter. 1 7 Sec. 2. RETROACTIVE APPLICABILITY DATE. This Act applies 1 8 retroactively to January 1, 2006, for tax years beginning on 1 9 or after that date. 1 10 EXPLANATION 1 11 This bill excludes from income tax the first $15,000 1 12 received by a taxpayer as a stipend or remuneration for 1 13 services rendered as a volunteer fire fighter. 1 14 The bill applies retroactively to January 1, 2006, for tax 1 15 years beginning on or after that date. 1 16 LSB 5160YH 81 1 17 mg:rj/je/5