Bill Text: IA SF2015 | 2011-2012 | 84th General Assembly | Introduced
Bill Title: A bill for an act providing volunteer fire fighters and emergency medical services personnel with an individual income tax credit and including related appropriations from the taxpayers trust fund, and including applicability provisions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-18 - Subcommittee, Bolkcom, Dotzler, and Feenstra. S.J. 85. [SF2015 Detail]
Download: Iowa-2011-SF2015-Introduced.html
Senate
File
2015
-
Introduced
SENATE
FILE
2015
BY
HANCOCK
A
BILL
FOR
An
Act
providing
volunteer
fire
fighters
and
emergency
medical
1
services
personnel
with
an
individual
income
tax
credit
and
2
including
related
appropriations
from
the
taxpayers
trust
3
fund,
and
including
applicability
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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Section
1.
Section
8.57E,
Code
Supplement
2011,
is
amended
1
to
read
as
follows:
2
8.57E
Taxpayers
trust
fund.
3
1.
A
taxpayers
trust
fund
is
created.
The
fund
shall
be
4
separate
from
the
general
fund
of
the
state
and
the
balance
in
5
the
fund
shall
not
be
considered
part
of
the
balance
of
the
6
general
fund
of
the
state.
The
moneys
credited
to
the
fund
7
are
not
subject
to
section
8.33
and
shall
not
be
transferred,
8
used,
obligated,
appropriated,
or
otherwise
encumbered
except
9
as
provided
in
this
section
.
10
2.
Moneys
in
the
taxpayers
trust
fund
shall
only
be
used
11
pursuant
to
appropriations
made
by
the
general
assembly
for
tax
12
relief.
13
3.
a.
There
is
appropriated
from
the
taxpayers
trust
fund
14
to
the
general
fund,
for
the
fiscal
year
beginning
July
1,
15
2014,
and
subsequent
fiscal
years,
an
amount
of
moneys
equal
16
to
the
credits
claimed
under
the
volunteer
fire
fighter
and
17
volunteer
emergency
medical
services
personnel
income
tax
18
credit
in
section
422.12
for
the
calendar
year
preceding
the
19
fiscal
year
for
which
the
appropriation
is
made.
The
maximum
20
annual
appropriation
under
this
paragraph
shall
not
exceed
21
sixty
million
dollars.
22
b.
Moneys
The
moneys
remaining
in
the
taxpayers
trust
fund
23
after
the
appropriation
in
paragraph
“a”
may
be
used
for
cash
24
flow
purposes
during
a
fiscal
year
provided
that
any
moneys
so
25
allocated
are
returned
to
the
fund
by
the
end
of
that
fiscal
26
year.
27
b.
4.
Except
as
provided
in
section
8.58
,
the
taxpayers
28
trust
fund
shall
be
considered
a
special
account
for
the
29
purposes
of
section
8.53
in
determining
the
cash
position
30
of
the
general
fund
of
the
state
for
the
payment
of
state
31
obligations.
32
4.
5.
Notwithstanding
section
12C.7,
subsection
2
,
33
interest
or
earnings
on
moneys
deposited
in
the
taxpayers
trust
34
fund
shall
be
credited
to
the
fund.
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Sec.
2.
Section
422.12,
subsection
1,
Code
2011,
is
amended
1
by
adding
the
following
new
paragraphs:
2
NEW
PARAGRAPH
.
0b.
“Emergency
medical
services
personnel”
3
means
an
emergency
medical
care
provider,
as
defined
in
section
4
147A.1,
who
is
certified
as
a
first
responder
pursuant
to
5
chapter
147A.
6
NEW
PARAGRAPH
.
d.
“Volunteer
fire
fighter”
means
a
7
volunteer
fire
fighter
as
defined
in
section
85.61
who
has
met
8
the
minimum
training
standards
established
by
the
fire
service
9
training
bureau
pursuant
to
chapter
100B.
10
Sec.
3.
Section
422.12,
subsection
2,
Code
2011,
is
amended
11
by
adding
the
following
new
paragraph:
12
NEW
PARAGRAPH
.
c.
(1)
A
volunteer
fire
fighter
and
13
volunteer
emergency
medical
services
personnel
credit
equal
14
to
five
hundred
dollars
to
compensate
the
taxpayer
for
the
15
voluntary
services
if
the
volunteer
served
for
the
entire
tax
16
year.
17
If
the
taxpayer
is
not
a
volunteer
fire
fighter
or
volunteer
18
emergency
medical
services
personnel
for
the
entire
tax
19
year,
the
maximum
amount
of
the
credit
shall
be
prorated
20
and
the
amount
of
credit
for
the
taxpayer
shall
equal
the
21
maximum
amount
of
credit
for
the
tax
year,
divided
by
twelve,
22
multiplied
by
the
number
of
months
in
the
tax
year
the
taxpayer
23
was
a
volunteer.
The
credit
shall
be
rounded
to
the
nearest
24
dollar.
If
the
taxpayer
is
a
volunteer
during
any
part
of
a
25
month,
the
taxpayer
shall
be
considered
a
volunteer
for
the
26
entire
month.
If
the
taxpayer
is
a
volunteer
fire
fighter
and
27
a
volunteer
emergency
medical
services
personnel
during
the
28
same
month,
a
credit
may
be
claimed
for
only
one
volunteer
29
position
for
that
month.
30
(2)
The
taxpayer
is
required
to
have
a
written
statement
31
from
the
fire
chief
or
other
appropriate
supervisor
verifying
32
that
the
taxpayer
was
a
volunteer
fire
fighter
or
volunteer
33
emergency
medical
services
personnel
for
the
months
for
which
34
the
credit
under
this
subsection
is
claimed.
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Sec.
4.
APPLICABILITY.
This
Act
applies
to
tax
years
1
beginning
on
or
after
January
1,
2013.
2
EXPLANATION
3
This
bill
provides
a
nonrefundable
individual
income
tax
4
credit
for
an
individual
who
was
a
volunteer
fire
fighter
who
5
has
met
the
minimum
training
standards
or
certified
volunteer
6
emergency
medical
services
personnel
for
the
entire
tax
year.
7
The
credit
is
to
compensate
the
individual
for
the
volunteer
8
services.
The
amount
of
the
credit
equals
$500.
If
the
9
individual
was
not
a
volunteer
for
the
entire
tax
year,
the
10
amount
of
credit
is
prorated
based
upon
the
months
of
volunteer
11
service.
A
credit
may
be
claimed
for
only
one
volunteer
12
position
per
month.
13
The
bill
provides
an
annual
appropriation
from
the
taxpayers
14
relief
fund
to
the
general
fund
for
an
amount
equal
to
the
15
credits
claimed
for
a
tax
year,
not
to
exceed
$60
million.
16
The
bill
applies
to
tax
years
beginning
on
or
after
January
17
1,
2013.
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