Bill Text: IA HF264 | 2023-2024 | 90th General Assembly | Introduced
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.(See HF 2709.)
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-04-18 - Committee report approving bill, renumbered as HF 2709. [HF264 Detail]
Download: Iowa-2023-HF264-Introduced.html
House
File
264
-
Introduced
HOUSE
FILE
264
BY
WILSON
(COMPANION
TO
SF
7
BY
ZAUN)
A
BILL
FOR
An
Act
exempting
from
the
individual
income
tax
the
wages
of
1
individuals
who
provide
services
to
disabled
individuals
and
2
including
effective
date
and
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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264
Section
1.
Section
422.7,
Code
2023,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
44.
Subtract
the
amount
of
wages
received
3
by
an
individual
from
an
organization
organized
under
chapter
4
504
and
qualifying
under
section
501(c)(3)
of
the
Internal
5
Revenue
Code
as
an
organization
exempt
from
federal
income
tax
6
under
section
501(a)
of
the
Internal
Revenue
Code
for
services
7
provided
to
individuals
domiciled
in
this
state
who
have
a
8
physical
or
mental
impairment
that
substantially
limits
one
or
9
more
major
life
activities.
10
Sec.
2.
EFFECTIVE
DATE.
This
Act
takes
effect
January
1,
11
2024.
12
Sec.
3.
APPLICABILITY.
This
Act
applies
to
tax
years
13
beginning
on
or
after
January
1,
2024.
14
EXPLANATION
15
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
16
the
explanation’s
substance
by
the
members
of
the
general
assembly.
17
This
bill
exempts
from
the
individual
income
tax
wages
18
received
by
an
individual
from
a
nonprofit,
tax-exempt
19
organization
organized
under
Code
chapter
504
(revised
Iowa
20
nonprofit
corporation
Act)
for
services
provided
to
individuals
21
domiciled
in
this
state
who
have
a
physical
or
mental
22
impairment
that
substantially
limits
one
or
more
major
life
23
activities.
24
The
bill
takes
effect
January
1,
2024,
and
applies
to
tax
25
years
beginning
on
or
after
that
date.
26
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