Text: SSB3014            Text: SSB3016


Senate Study Bill 3015

SENATE FILE BY (PROPOSED COMMITTEE ON VETERANS AFFAIRS BILL BY CHAIRPERSON BEALL) A BILL FOR 1 An Act exempting from the individual income tax all pay 2 received from the federal government for military service 3 performed while on active duty and including retroactive 4 applicability provisions. 5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: PAG LIN 1 1 Section 1. Section 422.7, Code Supplement 2009, is amended 1 2 by adding the following new subsection: 1 3 NEW SUBSECTION. 41. Subtract, to the extent included, 1 4 all pay received by the taxpayer from the federal government 1 5 for military service performed while on active duty status in 1 6 the armed forces, the armed forces military reserve, or the 1 7 national guard. 1 8 Sec. 2. RETROACTIVE APPLICABILITY. This Act applies 1 9 retroactively to January 1, 2010, for tax years beginning on 1 10 or after that date. 1 11 EXPLANATION 1 12 This bill exempts from the individual income tax all pay 1 13 received by a taxpayer from the federal government for military 1 14 service performed while on active duty status in the armed 1 15 forces, the armed forces military reserve, or the national 1 16 guard. 1 17 The bill applies retroactively to January 1, 2010, for tax 1 18 years beginning on or after that date. LSB 5677SC (1) 83 tw/sc
Text: SSB3014            Text: SSB3016