House File 2037 - Introduced



                                    HOUSE FILE       
                                    BY  KAUFMANN, TOMENGA, GRASSLEY,
                                        TYMESON, BOAL, MAY, CLUTE,
                                        WATTS, WORTHAN, CHAMBERS,
                                        GRANZOW, DE BOEF, HUSEMAN,
                                        UPMEYER, WIENCEK, RAECKER,
                                        RAYHONS, ANDERSON, HOFFMAN,
                                        GREINER, PETTENGILL, DRAKE,
                                        FORRISTALL, HEATON, PAULSEN,
                                        STRUYK, TJEPKES, SODERBERG,
                                        SANDS, SCHICKEL, JACOBS,
                                        L. MILLER, ALONS, DOLECHECK,
                                        BAUDLER, RASMUSSEN,
                                        VAN ENGELENHOVEN, ARNOLD,
                                        HORBACH, VAN FOSSEN,
                                        WINDSCHITL, and ROBERTS


    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    military reserve and national guard and including a
  3    retroactive applicability date provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 5523YH 82
  6 mg/rj/24

PAG LIN



  1  1    Section 1.  Section 422.7, Code Supplement 2007, is amended
  1  2 by adding the following new subsection:
  1  3    NEW SUBSECTION.  53.  Subtract, to the extent included,
  1  4 active duty pay received by a member in the armed forces
  1  5 military reserve or Iowa national guard including pay received
  1  6 for training.
  1  7    Sec. 2.  RETROACTIVE APPLICABILITY DATE.  This Act applies
  1  8 retroactively to January 1, 2008, for tax years beginning on
  1  9 or after that date.
  1 10                           EXPLANATION
  1 11    This bill exempts active duty pay including pay received
  1 12 for training by members of the armed forces military reserve
  1 13 and Iowa national guard.
  1 14    The bill applies retroactively to January 1, 2008, for tax
  1 15 years beginning on or after that date.
  1 16 LSB 5523YH 82
  1 17 mg/rj/24