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Senate Study Bill 1188 - IntroducedA Bill ForAn Act 1relating to the school tuition organization tax credit
2by amending the requirements for a student to receive a
3tuition grant under the program, and including effective
4date and retroactive and other applicability provisions.
5BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 422.11S, subsection 6, paragraph a, Code
22017, is amended to read as follows:
3a. “Eligible student” means a student who is a member of a
4household whose total annual income during the calendar year
5before the student receives a tuition grant for purposes of
6this section does not exceed an amount equal to three four
7 times the most recently published federal poverty guidelines in
8the federal register by the United States department of health
9and human services.
10 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of
11immediate importance, takes effect upon enactment.
12 Sec. 3. APPLICABILITY. This Act applies to tuition grants
13provided on or after the effective date of this Act.
14 Sec. 4. RETROACTIVE APPLICABILITY. This Act applies
15retroactively to January 1, 2017, for tax years beginning on
16or after that date.
17EXPLANATION
18The inclusion of this explanation does not constitute agreement with
19the explanation’s substance by the members of the general assembly.
20Current law provides an individual and corporate income tax
21credit for charitable contributions to certain nonprofit school
22tuition organizations that provide tuition grants to eligible
23students for attendance at nonpublic elementary or secondary
24schools in Iowa. In order to qualify as a school tuition
25organization eligible for the tax credit an organization
26must, among other requirements, only provide tuition grants
27to eligible students. In order to qualify as an “eligible
28student” under the program, a student’s household income must
29not exceed three times the federal poverty amount. This bill
30increases that household income limit to four times the federal
31poverty amount.
32The bill takes effect upon enactment and applies to
33tuition grants provided on or after that date, and applies
34retroactively to January 1, 2017, for tax years beginning on
35or after that date.
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2by amending the requirements for a student to receive a
3tuition grant under the program, and including effective
4date and retroactive and other applicability provisions.
5BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 422.11S, subsection 6, paragraph a, Code
22017, is amended to read as follows:
3a. “Eligible student” means a student who is a member of a
4household whose total annual income during the calendar year
5before the student receives a tuition grant for purposes of
6this section does not exceed an amount equal to three four
7 times the most recently published federal poverty guidelines in
8the federal register by the United States department of health
9and human services.
10 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of
11immediate importance, takes effect upon enactment.
12 Sec. 3. APPLICABILITY. This Act applies to tuition grants
13provided on or after the effective date of this Act.
14 Sec. 4. RETROACTIVE APPLICABILITY. This Act applies
15retroactively to January 1, 2017, for tax years beginning on
16or after that date.
17EXPLANATION
18The inclusion of this explanation does not constitute agreement with
19the explanation’s substance by the members of the general assembly.
20Current law provides an individual and corporate income tax
21credit for charitable contributions to certain nonprofit school
22tuition organizations that provide tuition grants to eligible
23students for attendance at nonpublic elementary or secondary
24schools in Iowa. In order to qualify as a school tuition
25organization eligible for the tax credit an organization
26must, among other requirements, only provide tuition grants
27to eligible students. In order to qualify as an “eligible
28student” under the program, a student’s household income must
29not exceed three times the federal poverty amount. This bill
30increases that household income limit to four times the federal
31poverty amount.
32The bill takes effect upon enactment and applies to
33tuition grants provided on or after that date, and applies
34retroactively to January 1, 2017, for tax years beginning on
35or after that date.
-1-mm/rn