Bill Text: IA SF92 | 2015-2016 | 86th General Assembly | Introduced

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Bill Title: A bill for an act exempting from the individual income tax the wages of individuals who provide services to disabled individuals and including effective date and applicability provisions.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-02-03 - Subcommittee, Quirmbach, Bolkcom, and Breitbach. S.J. 207. [SF92 Detail]

Download: Iowa-2015-SF92-Introduced.html

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Senate File 92 - Introduced




                                 SENATE FILE       
                                 BY  ZAUN

                                      A BILL FOR

  1 An Act exempting from the individual income tax the wages of
  2    individuals who provide services to disabled individuals and
  3    including effective date and applicability provisions.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN



  1  1    Section 1.  Section 422.7, Code 2015, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  18.  Subtract the amount of wages received
  1  4 by an individual from an organization organized under chapter
  1  5 504 and qualifying under section 501(c)(3) of the Internal
  1  6 Revenue Code as an organization exempt from federal income tax
  1  7 under section 501(a) of the Internal Revenue Code for services
  1  8 provided to individuals domiciled in this state who have a
  1  9 physical or mental impairment that substantially limits one or
  1 10 more major life activities.
  1 11    Sec. 2.  EFFECTIVE DATE.  This Act takes effect January 1,
  1 12 2016.
  1 13    Sec. 3.  APPLICABILITY.  This Act applies to tax years
  1 14 beginning on or after January 1, 2016.
  1 15                           EXPLANATION
  1 16 The inclusion of this explanation does not constitute agreement with
  1 17 the explanation's substance by the members of the general assembly.
  1 18    This bill exempts from the individual income tax wages
  1 19 received by an individual from a nonprofit, tax=exempt
  1 20 organization organized under Code chapter 504 (revised Iowa
  1 21 nonprofit corporation Act) for services provided to individuals
  1 22 domiciled in this state who have a physical or mental
  1 23 impairment that substantially limits one or more major life
  1 24 activities.
  1 25    The bill takes effect January 1, 2016, and applies to tax
  1 26 years beginning on or after that date.
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