Bill Text: IA HF2709 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act exempting from the individual income tax a certain amount of wages of caretakers who provide services to disabled individuals and including effective date and applicability provisions.(Formerly HF 264.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2024-04-19 - Fiscal note. [HF2709 Detail]
Download: Iowa-2023-HF2709-Introduced.html
House
File
2709
-
Introduced
HOUSE
FILE
2709
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HF
264)
A
BILL
FOR
An
Act
exempting
from
the
individual
income
tax
a
certain
1
amount
of
wages
of
caretakers
who
provide
services
to
2
disabled
individuals
and
including
effective
date
and
3
applicability
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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2709
Section
1.
Section
422.7,
Code
2024,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
44.
a.
As
used
in
this
subsection:
3
(1)
“Caretaker”
means
the
same
as
defined
in
section
235B.2.
4
(2)
“Wages”
means
wages,
tips,
and
other
compensation
5
reported
on
an
internal
revenue
service
form
W-2
wage
and
tax
6
statement.
7
b.
Subtract
the
amount
of
wages,
not
to
exceed
ten
thousand
8
dollars,
received
by
a
caretaker
for
services
provided
to
9
individuals
domiciled
in
this
state
who
have
a
physical
or
10
mental
impairment
that
substantially
limits
one
or
more
major
11
life
activities.
12
Sec.
2.
EFFECTIVE
DATE.
This
Act
takes
effect
January
1,
13
2025.
14
Sec.
3.
APPLICABILITY.
This
Act
applies
to
tax
years
15
beginning
on
or
after
January
1,
2025.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
exempts
from
the
individual
income
tax
wages,
not
20
to
exceed
$10,000,
received
by
an
individual
who
is
a
caretaker
21
as
defined
in
Code
section
235B.2
for
services
provided
to
22
individuals
domiciled
in
this
state
who
have
a
physical
or
23
mental
impairment
that
substantially
limits
one
or
more
major
24
life
activities.
25
The
bill
takes
effect
January
1,
2025,
and
applies
to
tax
26
years
beginning
on
or
after
that
date.
27
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