Senate Study Bill 1152 



                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            VETERANS AFFAIRS BILL
                                            BY CHAIRPERSON BEALL)


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

                                      A BILL FOR

  1 An Act exempting from the individual income tax all pay received
  2    for active duty military service and including a retroactive
  3    applicability date provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1210SC 83
  6 tw/mg:sc/8

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.  42A.  Subtract, to the extent included,
  1  4 all pay received by the taxpayer from the federal government
  1  5 for military service performed while on active duty status in
  1  6 the armed forces, the armed forces military reserve, or the
  1  7 national guard.
  1  8    Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies
  1  9 retroactively to January 1, 2009, for tax years beginning on
  1 10 or after that date.
  1 11                           EXPLANATION
  1 12    This bill exempts from the individual income tax all pay
  1 13 received by a taxpayer from the federal government for
  1 14 military service performed while on active duty status in the
  1 15 armed forces, the armed forces military reserve, or the
  1 16 national guard.
  1 17    The bill applies retroactively to January 1, 2009, for tax
  1 18 years beginning on or after that date.
  1 19 LSB 1210SC 83
  1 20 tw/mg:sc/8