2017 Iowa Code Title X - FINANCIAL RESOURCES Chapter 422 - INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES Section 422.12L - Joint income tax checkoff for veterans trust fund and volunteer fire fighter preparedness fund.
Download as PDF
1
INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES, §422.12L
422.12L Joint income tax checkoff for veterans trust fund and volunteer fire fighter
preparedness fund.
1. A person who files an individual or a joint income tax return with the department of
revenue under section 422.13 may designate one dollar or more to be paid jointly to the
veterans trust fund created in section 35A.13 and to the volunteer fire fighter preparedness
fund created in section 100B.13. If the refund due on the return or the payment remitted with
the return is insufficient to pay the additional amount designated by the taxpayer, the amount
designated shall be reduced to the remaining amount of refund or the remaining amount
remitted with the return. The designation of a contribution under this section is irrevocable.
2. The director of revenue shall draft the income tax form to allow the designation of
contributions to the veterans trust fund and to the volunteer fire fighter preparedness fund
as one checkoff on the tax return. The department of revenue, on or before January 31, shall
transfer one-half of the total amount designated on the tax return forms due in the preceding
calendar year to the veterans trust fund and the remaining one-half to the volunteer fire fighter
preparedness fund. However, before a checkoff pursuant to this section shall be permitted, all
liabilities on the books of the department of administrative services and accounts identified
as owing under section 8A.504 and the political contribution allowed under section 68A.601
shall be satisfied.
3. The department of revenue shall adopt rules to administer this section.
4. This section is subject to repeal under section 422.12E.
2014 Acts, ch 1141, §60 – 62
Referred to in §422.16
Limitation on number of income tax return checkoffs; automatic repeal of certain checkoffs; see §422.12E
Section takes effect July 1, 2014, and applies retroactively to January 1, 2014, for tax years beginning on or after that date; 2014 Acts,
ch 1141, §62
For repeal of former section 422.12L, effective July 1, 2014, and retroactive to January 1, 2014, for tax years beginning on or after that
date, see 2014 Acts, ch 1141, §61, 62
Wed Feb 08 03:44:46 2017
Iowa Code 2017, Section 422.12L (24, 0)
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
