Struck = removed from the bill ·
added = the amendment's new text.
House File 2340 -H-8029 EnrolledAmend House File 2340 ANas ACTfollows: RELATING TO THE IOWA EDUCATIONAL SAVINGS PLAN TRUST BY PERMITTING THE USE OF FUNDS FOR CERTAIN BENEFICIARIES TO ATTEND OUT-OF-STATE ELEMENTARY OR SECONDARY SCHOOLS, AND INCLUDING RETROACTIVE APPLICABILITY PROVISIONS.
BE1. IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
SectionPage 1.1, before line 1 by inserting:
Section<Section 422.7,1. subsection 32, paragraph c, subparagraph (2), subparagraph division (a), Code 2020, is amended to read as follows:
(a)Section (i)422.7, “Elementarysubsection or32, secondaryparagraph school”c, Except as provided in subparagraph subdivision(1), (ii),Code “elementary2020, or secondary school” means an elementary or secondary school in this state which is accreditedamended underby sectionadding 256.11, and adheres to the provisionsfollowing ofnew thesubparagraph federaldivision: Civil Rights Act of 1964 and chapter 216.
(ii)NEW “ElementarySUBPARAGRAPH orDIVISION secondary. school” includes an elementary or secondary school located out of state that educates a beneficiary who meets the definition of “children requiring special education” in section 256B.2, if the elementary or secondary school is accredited under the laws of the state in which it is located and adheres to the federal Civil Rights Act of 1964 and applicable state law analogous to chapter 216.
House(d) FileThe 2340,payment p.of qualified education loan payments.> 2.
2By Sec.renumbering as necessary.
2.______________________________ STECKMAN of Cerro Gordo ______________________________ STAED of Linn HF2340.3258 (1) 88 -1- jm/rh 1/1
RETROACTIVE APPLICABILITY.
This Act applies retroactively to January 1, 2020, for tax years beginning on or after that date.
______________________________ ______________________________ PAT GRASSLEY CHARLES SCHNEIDER Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 2340, Eighty-eighth General Assembly.
______________________________ MEGHAN NELSON Chief Clerk of the House Approved _______________, 2020 ______________________________ KIM REYNOLDS Governor