House File 2051 - Introduced HOUSE FILE 2051 BY SORENSEN A BILL FOR An Act exempting from the individual income tax certain pay 1 received by members of the national guard and including 2 retroactive applicability provisions. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5637YH (2) 89 jm/jh

H.F. 2051 Section 1. Section 422.7, Code 2022, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 42B. Subtract, to the extent included, up 3 to twenty thousand dollars of pay received by the taxpayer for 4 service pursuant to 32 U.S.C. §502. 5 Sec. 2. RETROACTIVE APPLICABILITY. This Act applies 6 retroactively to January 1, 2022, for tax years beginning on 7 or after that date. 8 EXPLANATION 9 The inclusion of this explanation does not constitute agreement with 10 the explanation’s substance by the members of the general assembly. 11 This bill exempts from the individual income tax up to 12 $20,000 of pay received by a member of the national guard for 13 any required drills, field exercises, or in the performance of 14 any other orders under 32 U.S.C §502. 15 The bill applies retroactively to January 1, 2022, for tax 16 years beginning on or after that date. 17 -1- LSB 5637YH (2) 89 jm/jh 1/ 1