Bill Text: IA HSB651 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A study bill for exempting from the individual income tax all pay received from the federal government for certain military service in support of the national guard and including retroactive applicability provisions.
Spectrum: Unknown
Status: (N/A - Dead) 0000-00-00 - In Veterans Affairs [HSB651 Detail]
Download: Iowa-2013-HSB651-Introduced.html
House
Study
Bill
651
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
VETERANS
AFFAIRS
BILL
BY
CHAIRPERSON
ALONS)
A
BILL
FOR
An
Act
exempting
from
the
individual
income
tax
all
pay
1
received
from
the
federal
government
for
certain
military
2
service
in
support
of
the
national
guard
and
including
3
retroactive
applicability
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
6156YC
(3)
85
mm/sc
H.F.
_____
Section
1.
Section
422.7,
subsection
42A,
Code
2014,
is
1
amended
to
read
as
follows:
2
42A.
Subtract,
to
the
extent
included,
all
pay
received
by
3
the
taxpayer
from
the
federal
government
for
military
service
4
performed
while
on
active
duty
status
in
the
armed
forces,
the
5
armed
forces
military
reserve,
or
the
national
guard
,
including
6
pay
for
service
performed
pursuant
to
32
U.S.C.
§502(f)
and
32
7
U.S.C.
§709(a)
and
(b)
.
8
Sec.
2.
RETROACTIVE
APPLICABILITY.
This
Act
applies
9
retroactively
to
January
1,
2014,
for
tax
years
beginning
on
10
or
after
that
date.
11
EXPLANATION
12
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
13
the
explanation’s
substance
by
the
members
of
the
general
assembly.
14
This
bill
exempts
from
the
individual
income
tax
all
pay
15
received
by
a
taxpayer
from
the
federal
government
for
military
16
service
performed
in
support
of
the
national
guard
pursuant
to
17
32
U.S.C.
§502(f)
and
32
U.S.C.
§709(a)
and
(b).
This
exempts
18
certain
income
received
by
active
duty
and
reserve
personnel,
19
certain
operational
support
personnel,
and
certain
dual-status
20
federal
technicians.
21
The
bill
applies
retroactively
to
January
1,
2014,
for
tax
22
years
beginning
on
or
after
that
date.
23
-1-
LSB
6156YC
(3)
85
mm/sc
1/
1
