House File 219 - Introduced



                                       HOUSE FILE       
                                       BY  STRUYK


    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 1492YH 83
  6 tw/mg:sc/5

PAG LIN



  1  1    Section 1.  Section 422.7, Code 2009, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  54.  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, 2009, for tax years beginning on
  1  9 or after that date.
  1 10                           EXPLANATION
  1 11    This bill excludes from the individual income tax the first
  1 12 $15,000 received by a taxpayer as a stipend or remuneration
  1 13 for services rendered as a volunteer fire fighter.
  1 14    The bill applies retroactively to January 1, 2009, for tax
  1 15 years beginning on or after that date.
  1 16 LSB 1492YH 83
  1 17 tw/mg:sc/5