Senate File 75 - Introduced SENATE FILE 75 BY ANDERSON , BERTRAND , SMITH , ERNST , JOHNSON , and KAPUCIAN A BILL FOR An Act excluding from the computation of net income under 1 the individual income tax active duty pay received for 2 service in Operation New Dawn and including retroactive 3 applicability provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1398XS (5) 84 tw/sc

S.F. 75 Section 1. Section 422.7, subsection 40, Code 2011, is 1 amended to read as follows: 2 40. Subtract, to the extent included, active duty pay 3 received by a person in the national guard or armed forces 4 military reserve for service performed on or after January 5 1, 2003, pursuant to military orders related to Operation 6 Iraqi Freedom, Operation New Dawn, Operation Noble Eagle, and 7 Operation Enduring Freedom. 8 Sec. 2. RETROACTIVE APPLICABILITY. This Act applies 9 retroactively to January 1, 2011, for tax years beginning on 10 or after that date. 11 EXPLANATION 12 This bill exempts from the computation of net income 13 active duty military pay received by a person in the national 14 guard or armed forces military reserve for service performed 15 in Operation New Dawn, the name used by the United States 16 government to refer to certain operations in Iraq. 17 The bill applies retroactively to January 1, 2011, for tax 18 years beginning on or after that date. 19 -1- LSB 1398XS (5) 84 tw/sc 1/ 1