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Ways & Means Committee – Week 18, 2021 News Provided By Share This Article Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers” that must be met to move to the contingent individual income tax system established under SF 2417 in 2018, and make the new system effective for Tax Year 2023. Under SF 2417, the contingent tax system only goes into effect after TY 2023 when two conditions are met: General Fund net receipts for FY22 (or after) exceed $8.31 billion; and net General Fund receipts for that year grow at least 4% above the year prior (equal to or more than 104% of previous year’s net receipts). ....
SF 619/SSB 1276 – Omnibus tax policy/Mental health funding Division I – Removal of triggers for Contingent Income Tax System This would remove the “triggers” ....
Appropriations Committee – Week 13, 2021 News Provided By Share This Article HF 428 (SF 488) is a Public Defense departmental bill. It allows properties to be leased to use for armory purposes for up to 30 years, rather than the current 20 years. It amends the Iowa Code of Military Justice so that military commanders [Grade Colonel/06] can hold service members accountable if they commit offenses while off duty when there is a nexus between military service and the offense (e.g., sexual harassment, sexual assault involving two service members). It allows the Adjutant General to include in the annual report on certain offenses, the number of sexual abuse cases reported to the U.S. Department of Defense that are not otherwise required to be reported. It also enhances the popular education benefits available that help the Guard recruit and retain members. ....
The Iowa Senate has passed a sweeping tax proposal that would revise Iowa s mental health funding system, phase out property tax replacement payments to local governments and ensure Iowans see a series of income tax cuts begin in 2023. The bill, Senate File 587, also includes a handful of changes affecting school funding and various state tax credit programs. It passed Tuesday evening on a 30-17 party-line vote. People need property tax relief. People also come forward year after year and say we need a better way to fund mental health. We do that in this bill right here, said Sen. Dan Dawson, R-Council Bluffs, the bill s floor manager. ....