Proyectos de ley › 88.ª Asamblea General
Reestablishing individual income tax checkoffs for the Iowa state fair foundation fund and the joint income tax checkoff for the veterans trust fund and the volunteer fire fighter preparedness fund
Presentado por el comité Ways and Means del Senado
Temas:TaxesIncome taxes
La misma legislación: SSB 1258
Dónde está ahora
- Hecho: Presentado18 de abril de 2019
- Hecho: Subcomité16 de enero de 2020
- Hecho: Comité del Senado18 de abril de 2019
- Se detuvo: Lo aprueba el SenadoMurió al terminar la Asamblea General
- Sigue: Comité de la Cámara
- Sigue: Lo aprueba la Cámara
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Murió al terminar la sesión La sesión de 2020 terminó el 14 de junio de 2020, la última sesión ordinaria de la Asamblea General. Los proyectos que no pasaron por ambas cámaras murieron. ¿Qué es el embudo (funnel)?
Qué contiene
La explicación oficial está en inglés; todavía no hay resumen en palabras sencillas.
This bill reestablishes the individual income tax checkoff for the Iowa state fair foundation fund and the joint income tax checkoff for the veterans trust fund and the volunteer fire fighter preparedness fund. A checkoff allows a taxpayer who files an individual or a joint income tax return with the department of revenue to designate a dollar amount to be paid to a specific fund included on the individual income tax form. Currently, the following four checkoffs are included on the individual income tax return form: the Iowa state fair foundation fund, the fish and game protection fund, the child abuse prevention program fund, and the joint income tax checkoff for the veterans trust fund and the volunteer fire fighter preparedness fund.
Lea la explicación completa
12E(1), for tax years beginning on or after January 1, 2017, when the same four income tax return checkoffs have been provided on the individual income tax return for two consecutive years, the two checkoffs for which the least amount has been contributed, in the aggregate for the first tax year and through March of the second tax year, are repealed. The Iowa state fair foundation fund checkoff and the joint income tax checkoff for the veterans trust fund and the volunteer fire fighter preparedness fund received the least amount contributed in the aggregate for the previous tax year and through March of this tax year, and therefore have been repealed by operation of law.12E(1), if the checkoffs have the least amount of contributions in comparison to the other two checkoffs.12E, the date of the repeal is December after the end of the second tax year. For purposes of publishing the Code, the bill requires the department of revenue to notify the Iowa Code editor which two checkoffs received the least amount of contributions during the applicable year, and thereby are repealed by operation of law. The bill also requires the department of revenue to notify the Iowa Code editor when more checkoffs are enacted than there is space for inclusion on the individual income tax return form, and thereby are repealed by operation of law as well.12E just as the other checkoffs are subject to repeal, if the fund is one of two checkoffs receiving the least amount of contributions over a two-year period.
Senate subcommittee
Named January 16, 2020. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Nota fiscal
The tax checkoffs available on an Iowa individual income tax return are voluntary contributions, and any contribution made represents money donated by the taxpayer and not money diverted from the State General Fund. Reestablishing the two repealed checkoffs will give Iowa taxpayers the opportunity to donate to the two programs through the tax return process for TY 2019 and TY 2020.
- Income Tax Checkoffs · 24 de abril de 2019
Lo que cambia del Código de Iowa (Iowa Code)
Cabildeo
4 a favor · 0 en contra · 3 indecisos · Quiénes →
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88th General Assembly