House File 245 - Introduced



                                   HOUSE FILE       
                                   BY  WINDSCHITL, SCHULTZ, ALONS,
                                       HUSEMAN, BAUDLER, WATTS,
                                       DEYOE, WORTHAN, SODERBERG,
                                       SANDS, MAY, KAUFMANN, RAECKER,
                                       DOLECHECK, DE BOEF, HELLAND,
                                       SCHULTE, HAGENOW, SORENSON,
                                       ARNOLD, and DRAKE


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

                                      A BILL FOR

  1 An Act exempting from the computation of the individual income
  2    tax all pay received for service in the national guard and
  3    including a retroactive applicability provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1754YH 83
  6 tw/mg:sc/14

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.  41.  Subtract, to the extent included, all
  1  4 pay received by the taxpayer for military service performed in
  1  5 the national guard.
  1  6    Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies
  1  7 retroactively to January 1, 2009, for tax years beginning on
  1  8 or after that date.
  1  9                           EXPLANATION
  1 10    This bill provides an exemption from the individual income
  1 11 tax for all pay received by a taxpayer for serving in the
  1 12 national guard.
  1 13    The bill applies retroactively to January 1, 2009, for tax
  1 14 years beginning on or after that date.
  1 15 LSB 1754YH 83
  1 16 tw/mg:sc/14