Senate File 39 - Introduced SENATE FILE BY DANIELSON Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act providing for the modification of property divisions made 2 pursuant to a dissolution of marriage. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1821SS 83 5 pf/nh/24 PAG LIN 1 1 Section 1. Section 598.21, subsection 7, Code 2009, is 1 2 amended to read as follows: 1 3 7.NOT SUBJECT TOLIMITED MODIFICATION. 1 4 a.PropertyWith the exception of the provisions specified 1 5 in paragraph "b", property divisions made under this chapter 1 6 are not subject to modification. 1 7 b. The portion of a property division which constitutes an 1 8 order intended to be a qualified domestic relations order 1 9 affecting pension, profit sharing, or stock bonus plans 1 10 pursuant to the United States Internal Revenue Code is 1 11 modifiable only for the purpose of establishing or maintaining 1 12 the order as a qualified domestic relations order or to revise 1 13 or confirm the order's terms as to effectuate the expressed 1 14 intent of the order. 1 15 EXPLANATION 1 16 This bill allows an exception to the proscription against 1 17 modification of property divisions made under the dissolution 1 18 of marriage and domestic relations chapter. The exception 1 19 provides that the portion of a property division which 1 20 constitutes an order intended to be a qualified domestic 1 21 relations order (QDRO) affecting pension, profit sharing, or 1 22 stock bonus plans is modifiable only for the purpose of 1 23 establishing or maintaining the order as a QDRO or to revise 1 24 or confirm the order's terms as to effectuate the expressed 1 25 intent of the order. 1 26 LSB 1821SS 83 1 27 pf/nh/24