House File 230 - Introduced



                                       HOUSE FILE       
                                       BY  RAECKER


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

                                      A BILL FOR

  1 An Act exempting from state income tax active duty pay received
  2    by members of the armed forces and providing a retroactive
  3    applicability date provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1635HH 81
  6 mg/cf/24

PAG LIN



  1  1    Section 1.  Section 422.7, Code 2005, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  44.  Subtract, to the extent included,
  1  4 active duty pay received by a person as a member on active
  1  5 duty of the armed forces or as a member in the armed forces
  1  6 military reserve or national guard serving on active duty
  1  7 other than for training.
  1  8    Sec. 2.  RETROACTIVE APPLICABILITY DATE.  This Act applies
  1  9 retroactively to January 1, 2005, for tax years beginning on
  1 10 or after that date.
  1 11                           EXPLANATION
  1 12    This bill exempts active duty pay for members of the armed
  1 13 forces, armed forces military reserve, and national guard who
  1 14 serve on active duty other than for training.
  1 15    The bill applies retroactively to January 1, 2005, for tax
  1 16 years beginning on or after that date.
  1 17 LSB 1635HH 81
  1 18 mg:rj/cf/24