Bill Text: IA HSB543 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A study bill for exempting from the individual income tax and the corporate income tax certain payments received in connection with the federal medical foster home program, and including retroactive applicability provisions.
Spectrum: Unknown
Status: (N/A - Dead) 0000-00-00 - [HSB543 Detail]
Download: Iowa-2013-HSB543-Introduced.html
House
Study
Bill
543
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
VETERANS
AFFAIRS
BILL
BY
CHAIRPERSON
ALONS)
A
BILL
FOR
An
Act
exempting
from
the
individual
income
tax
and
the
1
corporate
income
tax
certain
payments
received
in
connection
2
with
the
federal
medical
foster
home
program,
and
including
3
retroactive
applicability
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
TLSB
5279YC
(2)
85
mm/sc
H.F.
_____
Section
1.
Section
422.7,
Code
2014,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
57.
Subtract,
to
the
extent
included,
3
payments
received
from
a
veteran
resident
for
care
provided
4
by
a
medical
foster
home
caregiver
to
the
veteran
resident
5
in
connection
with
the
federal
medical
foster
home
program
6
governed
by
38
C.F.R.
§17.73
and
17.74.
For
purposes
of
7
this
subsection,
“medical
foster
home
caregiver”
and
“veteran
8
resident”
mean
the
same
as
defined
in
38
C.F.R.
§17.73.
9
Sec.
2.
Section
422.33,
Code
2014,
is
amended
by
adding
the
10
following
new
subsection:
11
NEW
SUBSECTION
.
23.
Subtract,
to
the
extent
included,
12
payments
received
from
a
veteran
resident
for
care
provided
13
by
a
medical
foster
home
caregiver
to
the
veteran
resident
14
in
connection
with
the
federal
medical
foster
home
program
15
governed
by
38
C.F.R.
§17.73
and
§17.74.
For
purposes
of
16
this
subsection,
“medical
foster
home
caregiver”
and
“veteran
17
resident”
mean
the
same
as
defined
in
38
C.F.R.
§17.73.
18
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
Act
applies
19
retroactively
to
January
1,
2014,
for
tax
years
beginning
on
20
or
after
that
date.
21
EXPLANATION
22
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
23
the
explanation’s
substance
by
the
members
of
the
general
assembly.
24
This
bill
exempts
from
the
individual
and
corporate
income
25
tax
payments
received
from
a
veteran
resident
for
care
provided
26
by
a
medical
foster
home
caregiver
to
the
veteran
resident
27
in
connection
with
the
federal
medical
foster
home
program
28
governed
by
38
C.F.R.
§17.73
and
17.74.
29
The
federal
medical
foster
home
program
is
a
program
30
administered
by
the
United
States
department
of
veterans
31
affairs
in
which
certain
disabled
veterans
are
placed
in
32
private
medical
foster
homes
(homes)
to
receive
lodging
and
33
full-time
care
from
medical
foster
home
caregivers
(caregiver).
34
In
order
for
a
home
to
qualify
under
the
program
it
must
be
35
-1-
LSB
5279YC
(2)
85
mm/sc
1/
2
H.F.
_____
occupied
by
the
caregiver,
owned
or
rented
by
the
caregiver,
1
and
must
meet
several
safety
and
other
requirements.
The
home
2
and
the
caregiver
must
be
approved
by
the
federal
department
of
3
veterans
affairs.
Payment
for
care
provided
by
the
caregiver
4
in
the
home
is
pursuant
to
a
private
agreement
between
the
5
caregiver
and
the
veteran
resident.
6
The
bill
applies
retroactively
to
January
1,
2014,
for
tax
7
years
beginning
on
or
after
that
date.
8
-2-
LSB
5279YC
(2)
85
mm/sc
2/
2
