House File 174 



                                      HOUSE FILE       
                                      BY  D. OLSON, SWAIM, GASKILL,
                                          KRESSIG, JACOBY, SMITH,
                                          MERTZ, DANDEKAR, KAUFMANN,
                                          and DE BOEF



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

                                      A BILL FOR

  1 An Act exempting active duty pay of members of the armed forces,
  2    armed forces military reserve, and national guard and
  3    including a retroactive applicability date provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1056HH 82
  6 mg/cf/24

PAG LIN



  1  1    Section 1.  Section 422.7, Code 2007, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  50.  Subtract, to the extent included,
  1  4 active duty pay received by a person as a member on federal
  1  5 active duty of the armed forces or as a member in the armed
  1  6 forces military reserve or national guard serving on federal
  1  7 active duty other than for training.
  1  8    Sec. 2.  RETROACTIVE APPLICABILITY DATE.  This Act applies
  1  9 retroactively to January 1, 2007, 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 federal active duty other than for training.
  1 15    The bill applies retroactively to January 1, 2007, for tax
  1 16 years beginning on or after that date.
  1 17 LSB 1056HH 82
  1 18 mg:rj/cf/24