Bill Text: IA SF2108 | 2021-2022 | 89th General Assembly | Introduced
Bill Title: A bill for an act providing a nursing home visitation shelter tax credit available against the individual and corporate income taxes, and including effective date and applicability provisions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-01-27 - Subcommittee: Goodwin, Dawson, and Dotzler. S.J. 159. [SF2108 Detail]
Download: Iowa-2021-SF2108-Introduced.html
Senate
File
2108
-
Introduced
SENATE
FILE
2108
BY
CARLIN
A
BILL
FOR
An
Act
providing
a
nursing
home
visitation
shelter
tax
credit
1
available
against
the
individual
and
corporate
income
taxes,
2
and
including
effective
date
and
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
NEW
SECTION
.
231.67
Nursing
home
visitation
1
shelter
tax
credit.
2
1.
As
used
in
this
section:
3
a.
“Meeting
area”
means
an
area
with
proper
ventilation
4
that
may
be
easily
sanitized
while
also
allowing
for
ease
of
5
communication
with
social
distancing.
6
b.
“Nursing
home”
means
the
same
as
defined
in
section
7
155.1.
8
c.
“Nursing
home
visitation
shelter”
means
a
newly
9
constructed
or
renovated
meeting
area
located
within
a
nursing
10
home
or
on
the
grounds
of
the
nursing
home
designed
for
nursing
11
home
residents
to
meet
with
friends
and
family
members
in
a
12
low-risk
setting
to
reduce
the
spread
of
disease.
13
2.
a.
The
taxes
imposed
against
the
income
tax
imposed
14
under
chapter
422,
subchapter
II
or
III,
shall
be
reduced
by
15
a
nursing
home
visitation
shelter
tax
credit
equal
to
fifty
16
percent
of
the
cost
of
constructing
a
nursing
home
visitation
17
shelter,
provided
that
the
amount
of
the
credit
shall
not
18
exceed
one
hundred
thousand
dollars
per
application.
19
b.
An
individual
may
claim
a
tax
credit
under
this
section
20
of
a
partnership,
limited
liability
company,
S
corporation,
21
estate,
or
trust
electing
to
have
income
taxed
directly
to
22
the
individual.
The
amount
claimed
by
the
individual
shall
23
be
based
upon
the
pro
rata
share
of
the
individual’s
earnings
24
from
the
partnership,
limited
liability
company,
S
corporation,
25
estate,
or
trust.
26
3.
The
department,
in
consultation
with
the
department
of
27
revenue,
shall
develop
a
system
for
the
application,
review,
28
and
authorization
of
nursing
home
visitation
shelter
tax
29
credits
awarded
pursuant
to
this
section
and
shall
control
the
30
issuance
of
all
tax
credit
certificates
to
taxpayers
pursuant
31
to
this
section.
32
4.
Applications
shall
be
accepted
by
the
department
during
33
the
application
period
established
by
the
department.
34
5.
Upon
review
of
an
application,
the
department
may
approve
35
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the
tax
credit,
and
issue
a
tax
credit
certificate
stating
the
1
amount
of
the
tax
credit
the
department
determines
the
taxpayer
2
is
eligible
to
claim
for
each
year
of
the
credit.
3
6.
In
any
calendar
year,
the
aggregate
amount
of
all
tax
4
credits
allocated
by
the
department
shall
not
exceed
five
5
million
dollars.
6
7.
Any
credit
in
excess
of
tax
liability
is
not
refundable
7
but
the
excess
for
the
tax
year
may
be
credited
to
the
tax
8
liability
for
the
following
five
years
or
until
depleted,
9
whichever
is
earlier.
10
8.
a.
To
claim
a
tax
credit
under
this
section,
a
taxpayer
11
shall
include
one
or
more
tax
credit
certificates
issued
by
the
12
department
with
the
taxpayer’s
return.
13
b.
The
tax
credit
certificate
shall
contain
the
taxpayer’s
14
name,
address,
tax
identification
number,
the
amount
of
the
15
credit,
and
any
other
information
required
by
the
department
16
of
revenue.
17
c.
The
tax
credit
certificate
is
not
transferable.
18
Sec.
2.
NEW
SECTION
.
422.10C
Nursing
home
visitation
19
shelter
tax
credit.
20
The
taxes
imposed
under
this
subchapter,
less
the
credits
21
allowed
under
section
422.12,
shall
be
reduced
by
a
nursing
22
home
visitation
shelter
tax
credit
allowed
under
section
23
231.67.
24
Sec.
3.
Section
422.33,
Code
2022,
is
amended
by
adding
the
25
following
new
subsection:
26
NEW
SUBSECTION
.
17.
The
taxes
imposed
under
this
subchapter
27
shall
be
reduced
by
a
nursing
home
visitation
shelter
tax
28
credit
allowed
under
section
231.67.
29
Sec.
4.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
30
importance,
takes
effect
upon
enactment.
31
Sec.
5.
RETROACTIVE
APPLICABILITY.
This
Act
applies
32
retroactively
to
January
1,
2022,
for
tax
years
beginning
on
33
or
after
that
date.
34
EXPLANATION
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The
inclusion
of
this
explanation
does
not
constitute
agreement
with
1
the
explanation’s
substance
by
the
members
of
the
general
assembly.
2
This
bill
creates
a
nursing
home
visitation
shelter
tax
3
credit
available
against
the
individual
and
corporate
income
4
taxes.
5
The
amount
of
the
credit
equals
50
percent
of
the
cost
of
6
constructing
a
nursing
home
visitation
shelter,
not
to
exceed
7
$100,000
per
application.
8
The
bill
defines
“nursing
home
visitation
shelter”
to
mean
a
9
newly
constructed
or
renovated
meeting
area
located
within
a
10
nursing
home
or
on
the
grounds
of
the
nursing
home
designed
for
11
nursing
home
residents
to
meet
with
friends
and
family
members
12
in
a
low-risk
setting
to
reduce
the
spread
of
disease.
13
The
bill
defines
“meeting
area”
to
mean
an
area
with
proper
14
ventilation
that
may
be
easily
sanitized
while
also
allowing
15
for
ease
of
communication
with
social
distancing.
16
The
bill
requires
the
department
of
aging
(department),
17
in
consultation
with
the
department
of
revenue,
to
develop
18
a
system
for
the
application,
review,
and
authorization
of
19
nursing
home
visitation
shelter
tax
credits
and
to
control
the
20
issuance
of
tax
credit
certificates
to
taxpayers.
To
claim
21
a
tax
credit
under
the
bill,
a
taxpayer
must
include
one
or
22
more
tax
credit
certificates
issued
by
the
department
with
the
23
taxpayer’s
return.
24
The
aggregate
amount
of
the
credit
available
in
a
calendar
25
year
shall
not
exceed
$5
million.
26
The
tax
credit
is
not
refundable
but
any
credit
in
excess
27
of
tax
liability
may
be
credited
to
the
tax
liability
for
the
28
following
five
years
or
until
depleted,
whichever
is
earlier.
29
The
bill
takes
effect
upon
enactment
and
applies
30
retroactively
to
tax
years
beginning
on
or
after
January
1,
31
2022.
32
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