Text: SF31            Text: SF33
Complete Bill History


Senate File 32

SENATE FILE BY WIECK Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to income tax deductions for donations made for 2 tsunami relief and including effective and retroactive 3 applicability date provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 1743XS 81 6 mg/sh/8 PAG LIN 1 1 Section 1. Section 422.9, subsection 2, Code 2005, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. l. If the taxpayer makes a cash donation 1 4 after December 31, 2004, and before February 1, 2005, to a 1 5 charitable organization for the specific purpose of helping 1 6 victims in areas affected by the tsunami occurring in December 1 7 2004 in the Indian ocean, the taxpayer may elect to claim such 1 8 donation as a charitable contribution as defined under section 1 9 170 of the Internal Revenue Code for the tax year beginning in 1 10 the 2004 calendar year. 1 11 Sec. 2. EFFECTIVE AND RETROACTIVE DATES. This Act, being 1 12 deemed of immediate importance, takes effect upon enactment 1 13 and applies retroactively to January 1, 2004, for tax years 1 14 beginning in the 2004 calendar year. 1 15 EXPLANATION 1 16 This bill allows individuals who make cash contributions to 1 17 charitable organizations after December 31, 2004, and before 1 18 February 1, 2005, specifically for the purpose of assisting 1 19 victims in areas affected by the tsunami occurring in the 1 20 Indian ocean to claim the contribution as a charitable 1 21 contribution for the tax year beginning in the 2004 calendar 1 22 year. 1 23 The bill takes effect upon enactment and applies 1 24 retroactively to January 1, 2004, for tax years beginning in 1 25 the 2004 calendar year. 1 26 LSB 1743XS 81 1 27 mg/sh/8
Text: SF31            Text: SF33 Complete Bill History