Bill Text: IA SF2337 | 2013-2014 | 85th General Assembly | Enrolled
Bill Title: A bill for an act relating to the child and dependent care credit available against the individual income tax, and including effective date and applicability provisions. (Formerly SSB 3181.) Effective 1-1-15.
Spectrum: Committee Bill
Status: (Passed) 2014-05-30 - Signed by Governor. S.J. 930. [SF2337 Detail]
Download: Iowa-2013-SF2337-Enrolled.html
Senate
File
2337
AN
ACT
RELATING
TO
THE
CHILD
AND
DEPENDENT
CARE
CREDIT
AVAILABLE
AGAINST
THE
INDIVIDUAL
INCOME
TAX,
AND
INCLUDING
EFFECTIVE
DATE
AND
APPLICABILITY
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
422.12C,
subsection
1,
unnumbered
paragraph
1,
Code
2014,
is
amended
to
read
as
follows:
The
taxes
imposed
under
this
division
,
less
the
amounts
of
nonrefundable
credits
allowed
under
this
division
,
shall
be
reduced
by
a
child
and
dependent
care
credit
equal
to
the
following
percentages
of
the
federal
child
and
dependent
care
credit
provided
in
section
21
of
the
Internal
Revenue
Code
,
without
regard
to
whether
or
not
the
federal
credit
was
limited
by
the
taxpayer’s
federal
tax
liability
:
Sec.
2.
EFFECTIVE
DATE.
This
Act
takes
effect
January
1,
2015.
Senate
File
2337,
p.
2
Sec.
3.
APPLICABILITY.
This
Act
applies
to
tax
years
beginning
on
or
after
January
1,
2015.
______________________________
PAM
JOCHUM
President
of
the
Senate
______________________________
KRAIG
PAULSEN
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
2337,
Eighty-fifth
General
Assembly.
______________________________
MICHAEL
E.
MARSHALL
Secretary
of
the
Senate
Approved
_______________,
2014
______________________________
TERRY
E.
BRANSTAD
Governor
