Bill Text: IA HF294 | 2011-2012 | 84th General Assembly | Introduced
Bill Title: A bill for an act providing for a credit against the individual income tax for the cost of home school textbooks and instructional materials and including retroactive applicability provisions.
Spectrum: Partisan Bill (Republican 11-0)
Status: (Introduced - Dead) 2011-12-31 - END OF 2011 ACTIONS [HF294 Detail]
Download: Iowa-2011-HF294-Introduced.html
House
File
294
-
Introduced
HOUSE
FILE
294
BY
DE
BOEF
,
ALONS
,
WINDSCHITL
,
MASSIE
,
PEARSON
,
HUSEMAN
,
FRY
,
SHAW
,
KLEIN
,
HANUSA
,
and
SCHULTZ
A
BILL
FOR
An
Act
providing
for
a
credit
against
the
individual
income
1
tax
for
the
cost
of
home
school
textbooks
and
instructional
2
materials
and
including
retroactive
applicability
3
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
1955YH
(4)
84
tw/sc
H.F.
294
Section
1.
Section
422.12,
subsection
2,
Code
2011,
is
1
amended
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
c.
(1)
A
home
school
credit
equal
to
3
twenty-five
percent
of
the
amount
expended
for
the
purchase
4
of
textbooks
for
each
dependent
receiving
competent
private
5
instruction
as
defined
in
section
299A.1.
6
(2)
The
department,
when
conducting
an
audit
of
a
taxpayer’s
7
return,
shall
also
audit
the
home
school
tax
credit
portion
of
8
the
tax
return.
9
Sec.
2.
RETROACTIVE
APPLICABILITY.
This
Act
applies
10
retroactively
to
January
1,
2011,
for
tax
years
beginning
on
11
or
after
that
date.
12
EXPLANATION
13
This
bill
provides
a
tax
credit
equal
to
25
percent
of
14
the
amount
expended
for
the
purchase
of
textbooks
for
each
15
dependent
attending
home
schooling.
16
The
bill
applies
retroactively
to
January
1,
2011,
for
tax
17
years
beginning
on
or
after
that
date.
18
-1-
LSB
1955YH
(4)
84
tw/sc
1/
1
