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Bills › 89th General Assembly

SF 96Died when the session ended · January 19, 2021

Relating to the exclusion of certain retirement income from the calculation of net income, and including retroactive applicability provisions

Topics:Taxes

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Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedJanuary 19, 2021
  2. Done: SubcommitteeJanuary 20, 2021
  3. Stopped: Senate committeeDied when the General Assembly ended
  4. Next: Passes the Senate
  5. Next: House committee
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

F. This bill relates to the exclusion of certain retirement income from the calculation of net income. Currently, a taxpayer who is disabled, who is at least years of age, or who is the surviving spouse or other specified survivor of that qualifying taxpayer may exclude a maximum of $6,000 of other retirement income ($12,000 for married couples). The bill phases in over a five-year period an increase to the retirement income exclusion referenced above. The base retirement income exclusion amount for single filers ($6,000) and married filers ($12,000) increases for tax years beginning in 2021, 2022, 2023, and 2024 by percent, percent, percent, and percent, respectively.

Read the full explanation

For tax years beginning in 2025 or later, the retirement income exclusion is $12,000 for single filers and $24,000 for married filers. The bill does not affect the current exclusion of military retirement income. The bill applies retroactively to January 1, 2021, for tax years beginning on or after that date.

Full bill text1

Senate subcommittee

Named January 20, 2021. 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

Iowa Code it changes

Amends§422.7

How the Code works2

Lobbying

0 for · 0 against · 4 undecided · Who →

Family tree

Tried before

SF 22Cleared committee88th GA

89th General Assembly

SF 96Cleared committee

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • SF 22 Relating to the exclusion of certain retirement income from the calculation of net income,…
    88th General Assembly · In committee · same title
    Cleared committee

Matched by wording or an identical title.