Iowa 2023-2024 Regular Session Status: Enacted

SF 565 — A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions.

Last action — Signed by Governor.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced April 06, 2023. Enacted.

Signed by Governor Kim Reynolds (Republican) on June 01, 2023.

Prognosis

Advancing 50% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

61 added · 135 removed

61 line(s) added, 135 removed.

→
Previous
Latest
Senate File 565 - Reprinted SENATE FILE 565 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO SSB 1148) (As Amended and Passed by the Senate April 20, 2023) A BILL FOR An Act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions.
Senate File 565 - Enrolled Senate File 565 AN ACT RELATING TO STATE AND LOCAL FINANCE AND THE ADMINISTRATION OF THE TAX AND RELATED LAWS BY THE DEPARTMENT OF REVENUE, AND INCLUDING EFFECTIVE DATE, APPLICABILITY, AND RETROACTIVE APPLICABILITY PROVISIONS.
SF 565 (4) 90 jm/jh/mb S.F.
DIVISION I IOWA EDUCATIONAL SAVINGS PLAN AND FIRST-TIME HOMEBUYERS DUE DATES Section 1.
565 DIVISION I IOWA EDUCATIONAL SAVINGS PLAN AND FIRST-TIME HOMEBUYERS DUE DATES Section 1.
Sec.
Senate File 565, p.
2 Sec.
The first-time homebuyer savings account designation shall be made no later than April 30 of the year following the tax year during which the account is opened, on forms provided by the department and shall be submitted on or before the date prescribed in section 422.21 for making and filing an individual income tax return, excluding extensions, or the date for making and filing an individual income tax return determined by the director pursuant to an order issued under section 421.17, subsection 30, applicable to the tax year SF 565 (4) 90 -1- jm/jh/mb 1/38 S.F.
The first-time homebuyer savings account designation shall be made no later than April 30 of the year following the tax year during which the account is opened, on forms provided by the department and shall be submitted on or before the date prescribed in section 422.21 for making and filing an individual income tax return, excluding extensions, or the date for making and filing an individual income tax return determined by the director pursuant to an order issued under section 421.17, subsection 30, applicable to the tax year in which the account is opened.
565 in which the account is opened.
The designation shall be made on forms provided by the department and no later than April 30 of the year following the tax year during which the account is opened and shall be submitted on or before the date prescribed in section 422.21 for making and filing an individual income tax return, excluding extensions, or the date for making and filing an individual income tax return determined by the director pursuant to an order issued under section 421.17, subsection 30, applicable to the tax year in which the designation is made .
The designation shall be made on forms provided by the department and no later than April 30 of the year following the tax year during which the account is opened and shall be submitted on or before the date prescribed in section 422.21 for making and filing an individual income tax return, excluding extensions, or the date for making and filing an individual income tax return determined by the director pursuant to an order issued under section 421.17, subsection 30, applicable to the tax year in which the designation is made.
2.
Senate File 565, p.
3 2.
SF 565 (4) 90 -2- jm/jh/mb 2/38 S.F.
DIVISION III TAX FILING STATUS MODIFICATIONS Sec.
565 DIVISION III TAX FILING STATUS MODIFICATIONS Sec.
NEW SUBSECTION.
NEW SUBSECTION .
For tax years beginning in the 2023 calendar year, subtract the amount of federal income taxes paid during the tax year to the extent payment is for a tax year beginning prior to January 1, 2023, and add any federal income tax refunds received during the tax year to the extent the federal income tax was deducted for a tax year beginning prior to January 1, 2023.
For tax years beginning in the 2023 calendar year, subtract the amount of federal income taxes paid during the tax year to the extent payment is for a tax year beginning prior to January 1, 2023, and add any federal income tax refunds Senate File 565, p.
4 received during the tax year to the extent the federal income tax was deducted for a tax year beginning prior to January 1, 2023.
SF 565 (4) 90 -3- jm/jh/mb 3/38 S.F.
Sec.
565 Sec.
DIVISION IV WITHHOLDING Sec.
DIVISION IV Senate File 565, p.
5 WITHHOLDING Sec.
SF 565 (4) 90 -4- jm/jh/mb 4/38 S.F.
All prizes awarded pursuant to a gambling activity under this chapter are Iowa earned income and are subject to state and federal income tax laws.
565 All prizes awarded pursuant to a gambling activity under this chapter are Iowa earned income and are subject to state and federal income tax laws.
SF 565 (4) 90 -5- jm/jh/mb 5/38 S.F.
Senate File 565, p.
565 422.16 Withholding of income tax at source —— penalties —— interest —— declaration of estimated tax —— bond.
6 422.16 Withholding of income tax at source —— penalties —— interest —— declaration of estimated tax —— bond.
However, the amount SF 565 (4) 90 -6- jm/jh/mb 6/38 S.F.
However, the amount of withholding allowance declared shall not exceed the amount to which the employee or other person is entitled except as allowed under sections 3402(m)(1) and 3402(m)(3) of the Internal Revenue Code and as allowed by rules prescribed by the Senate File 565, p.
565 of withholding allowance declared shall not exceed the amount to which the employee or other person is entitled except as allowed under sections 3402(m)(1) and 3402(m)(3) of the Internal Revenue Code and as allowed by rules prescribed by the director.
7 director.
State income tax shall be withheld on winnings SF 565 (4) 90 -7- jm/jh/mb 7/38 S.F.
State income tax shall be withheld on winnings in excess of one thousand dollars from gambling activities authorized under chapter 99D.
565 in excess of one thousand dollars from gambling activities authorized under chapter 99D.
For the purposes of this subsection, state income tax shall be withheld at the highest rate described in section 422.5A from supplemental wages of an employee in those circumstances in which the employer treats the supplemental wages as wholly separate from regular wages for purposes of withholding and federal income tax is withheld from the supplemental wages under section 3402(g) of the Internal Revenue Code.
For the purposes of this subsection, state income tax shall be withheld at the highest rate described in section 422.5A from supplemental wages of an employee in those Senate File 565, p.
8 circumstances in which the employer treats the supplemental wages as wholly separate from regular wages for purposes of withholding and federal income tax is withheld from the supplemental wages under section 3402(g) of the Internal Revenue Code.
SF 565 (4) 90 -8- jm/jh/mb 8/38 S.F.
c.
565 c.
(2) A withholding agent shall remit income tax withheld on a monthly basis if the withholding agent withholds more than five hundred dollars in any one month and not more than five thousand dollars in a semimonthly period.
Senate File 565, p.
9 (2) A withholding agent shall remit income tax withheld on a monthly basis if the withholding agent withholds more than five hundred dollars in any one month and not more than five thousand dollars in a semimonthly period.
The electing withholding agent shall remit the full amount of income taxes required to be withheld from the wages of the employees for the full calendar year with the SF 565 (4) 90 -9- jm/jh/mb 9/38 S.F.
The electing withholding agent shall remit the full amount of income taxes required to be withheld from the wages of the employees for the full calendar year with the quarterly return for the first calendar quarter.
565 quarterly return for the first calendar quarter.
Every withholding agent on or before February 15 following the close of the calendar year in which the withholding occurs shall send to the department copies of income statements required by subsection 8.
Every withholding agent on or before February 15 following the close of the calendar year in which the withholding occurs shall send to the department copies of Senate File 565, p.
10 income statements required by subsection 8.
The director, in cooperation with the department of management, may periodically change the filing and remittance SF 565 (4) 90 -10- jm/jh/mb 10/38 S.F.
The director, in cooperation with the department of management, may periodically change the filing and remittance thresholds by administrative rule if in the best interest of the state and the taxpayer.
565 thresholds by administrative rule if in the best interest of the state and the taxpayer.
Whenever the director determines that any withholding agent has failed to withhold or pay over to the department sums required to be withheld under subsection 2, the unpaid amount shall be a lien as described in section 422.26, shall attach to the property of that withholding agent, and in all other respects the procedure with respect to such lien shall apply as set forth in section 422.26.
Whenever the director determines that any withholding agent has failed to withhold or pay over to the department sums required to be withheld under subsection 2, the unpaid amount shall be a lien as described in section 422.26, shall attach Senate File 565, p.
Show all 139 changed rows (99 more)
Previous
Latest
11 to the property of that withholding agent, and in all other respects the procedure with respect to such lien shall apply as set forth in section 422.26.
SF 565 (4) 90 -11- jm/jh/mb 11/38 S.F.
(1) The name and address of the employer or withholding agent, and the taxpayer identification number of the employer or withholding agent.
565 (1) The name and address of the employer or withholding agent, and the taxpayer identification number of the employer or withholding agent.
Any amount deducted and withheld as tax under subsection 2 during any calendar year upon the wages of any employee, nonresident, or other person shall be allowed as a credit to the employee, nonresident, or other person against the tax imposed by section 422.5 for the tax year in which it was withheld, irrespective of whether or not such tax has been, or will be, paid by the withholding agent to the department as provided by this chapter.
Any amount deducted and withheld as tax under subsection 2 during any calendar year upon the wages of any employee, nonresident, or other person shall be allowed as a credit to Senate File 565, p.
12 the employee, nonresident, or other person against the tax imposed by section 422.5 for the tax year in which it was withheld, irrespective of whether or not such tax has been, or will be, paid by the withholding agent to the department as provided by this chapter.
If the amount of income tax withheld by the withholding agent on behalf of an employee, nonresident, or other person after complying with this section is more than the income tax liability of said employee, nonresident, or other person as determined under the provisions of this subchapter, the overpayment of tax may first be credited against any income SF 565 (4) 90 -12- jm/jh/mb 12/38 S.F.
If the amount of income tax withheld by the withholding agent on behalf of an employee, nonresident, or other person after complying with this section is more than the income tax liability of said employee, nonresident, or other person as determined under the provisions of this subchapter, the overpayment of tax may first be credited against any income tax or installment payment then due the state of Iowa by the employee, nonresident, or other person for the tax year, and any balance of one dollar or more shall be refunded to the employee, nonresident, or other person with interest in accordance with section 421.60, subsection 2, paragraph “e”.
565 tax or installment payment then due the state of Iowa by the employee, nonresident, or other person for the tax year, and any balance of one dollar or more shall be refunded to the employee, nonresident, or other person with interest in accordance with section 421.60, subsection 2, paragraph “e”.
(2) Willfully furnishing an employee, nonresident, or other person with a false or fraudulent income statement.
(2) Willfully furnishing an employee, nonresident, or other Senate File 565, p.
13 person with a false or fraudulent income statement.
Any penalty assessed under section 421.27 SF 565 (4) 90 -13- jm/jh/mb 13/38 S.F.
Any penalty assessed under section 421.27 shall be in addition to the tax or additional tax due under this section.
565 shall be in addition to the tax or additional tax due under this section.
(1) Taxpayers filing a return shall make estimated tax payments if their Iowa income tax liability can reasonably be expected to amount to two hundred dollars or more for the year.
(1) Taxpayers filing a return shall make estimated tax payments if their Iowa income tax liability can reasonably Senate File 565, p.
(2) In the cases of farmers and fishermen, the exceptions SF 565 (4) 90 -14- jm/jh/mb 14/38 S.F.
14 be expected to amount to two hundred dollars or more for the year.
565 provided in the Internal Revenue Code with respect to making estimated payments apply.
(2) In the cases of farmers and fishermen, the exceptions provided in the Internal Revenue Code with respect to making estimated payments apply.
(3) The method provided by section 6654 of the Internal Revenue Code for determining what is applicable to the addition SF 565 (4) 90 -15- jm/jh/mb 15/38 S.F.
(3) The method provided by section 6654 of the Internal Revenue Code for determining what is applicable to the addition to tax for underpayment of the tax payable applies to persons Senate File 565, p.
565 to tax for underpayment of the tax payable applies to persons required to make payments of estimated tax under this section except the amount to be added to the tax for underpayment of estimated tax is an amount determined at the rate in effect under section 421.7.
15 required to make payments of estimated tax under this section except the amount to be added to the tax for underpayment of estimated tax is an amount determined at the rate in effect under section 421.7.
SF 565 (4) 90 -16- jm/jh/mb 16/38 S.F.
b.
565 b.
However, the penalty shall not exceed five thousand dollars.
Senate File 565, p.
16 However, the penalty shall not exceed five thousand dollars.
Any nonresident whose Iowa income is not subject to section 422.16, subsection 1 2, paragraph “a”, “c”, “d”, or “e”, in whole or in part, and who elects to be governed by section 422.16, subsection 12 2, paragraph “b”, to the extent that the nonresident pays the entire amount of tax properly estimated on or before the last day of the fourth month of the nonresident’s tax year, for the year, may for the year of the election and payment, be granted a certificate from the department authorizing each withholding agent, the income from whom the nonresident has considered in the payment of estimated tax and to the extent the income is included in the estimate, to make payments of income to the nonresident without withholding tax SF 565 (4) 90 -17- jm/jh/mb 17/38 S.F.
Any nonresident whose Iowa income is not subject to section 422.16, subsection 1 2, paragraph “a”, “c”, “d”, or “e”, in whole or in part, and who elects to be governed by section 422.16, subsection 12 2, paragraph “b”, to the extent that the nonresident pays the entire amount of tax properly estimated on or before the last day of the fourth month of the nonresident’s tax year, for the year, may for the year of the election and payment, be granted a certificate from the department authorizing each withholding agent, the income from whom the nonresident has considered in the payment of estimated tax and to the extent the income is included in the estimate, to make payments of income to the nonresident without withholding tax from those payments.
565 from those payments.
For the purposes of this subsection, state income tax shall be withheld at the highest rate described in section 422.5A 422.5 from supplemental wages of an employee in those circumstances in which the employer treats the supplemental wages as wholly separate from regular wages for purposes of withholding and federal income tax is withheld from the supplemental wages under section 3402(g) of the Internal Revenue Code.
For the purposes of this subsection, state income tax Senate File 565, p.
17 shall be withheld at the highest rate described in section 422.5A 422.5 from supplemental wages of an employee in those circumstances in which the employer treats the supplemental wages as wholly separate from regular wages for purposes of withholding and federal income tax is withheld from the supplemental wages under section 3402(g) of the Internal Revenue Code.
The department may enter into a settlement in the case of doubtful liability, doubtful collectability, severe SF 565 (4) 90 -18- jm/jh/mb 18/38 S.F.
The department may enter into a settlement in the case of doubtful liability, doubtful collectability, severe economic hardship, or to promote effective tax administration, regardless of whether the amount was the subject of a timely filed appeal or return.
565 economic hardship, or to promote effective tax administration, regardless of whether the amount was the subject of a timely filed appeal or return.
Any determination by the department regarding the settlement shall be discretionary and shall be final and conclusive except in the case of fraud, mutual mistake of material fact, or as otherwise stated in a written settlement agreement between the taxpayer and the department.
Any determination by the department regarding the settlement shall be discretionary and shall be final and conclusive except Senate File 565, p.
18 in the case of fraud, mutual mistake of material fact, or as otherwise stated in a written settlement agreement between the taxpayer and the department.
Section 421B.11, subsection 3, Code 2023, is SF 565 (4) 90 -19- jm/jh/mb 19/38 S.F.
Section 421B.11, subsection 3, Code 2023, is amended to read as follows:
565 amended to read as follows:
(a) The department shall issue a notice of assessment to the person for which the tax is estimated in accordance with section 421.60.
(a) The department shall issue a notice of assessment Senate File 565, p.
19 to the person for which the tax is estimated in accordance with section 421.60.
SF 565 (4) 90 -20- jm/jh/mb 20/38 S.F.
Sec.
565 Sec.
For failure to pay the sales or use tax as described in paragraph “a”, the retailer and purchaser are jointly liable, unless the circumstances described in section 29C.24, subsection 3, paragraph “a”, subparagraph (2), section 421.60, subsection 2 , paragraph “m”, section 423.34A, or section 423.45, subsection 4, paragraph “b” or “e”, or subsection 5, paragraph “c” or “e”, are applicable.
For failure to pay the sales or use tax as described in paragraph “a”, the retailer and purchaser are jointly liable, unless the circumstances described in section 29C.24, Senate File 565, p.
20 subsection 3, paragraph “a”, subparagraph (2), section 421.60, subsection 2, paragraph “m”, section 423.34A, or section 423.45, subsection 4, paragraph “b” or “e”, or subsection 5, paragraph “c” or “e”, are applicable.
A person sponsoring a flea market or a craft, antique, coin, or stamp show or similar event shall obtain from every retailer selling tangible personal property, specified digital products, or taxable services at the event proof that the retailer possesses a valid sales or use tax permit or secure from the retailer a statement, taken in good faith, that tangible personal property, specified digital products, or services offered for SF 565 (4) 90 -21- jm/jh/mb 21/38 S.F.
A person sponsoring a flea market or a craft, antique, coin, or stamp show or similar event shall obtain from every retailer selling tangible personal property, specified digital products, or taxable services at the event proof that the retailer possesses a valid sales or use tax permit or secure from the retailer a statement, taken in good faith, that tangible personal property, specified digital products, or services offered for sale are not subject to sales tax.
565 sale are not subject to sales tax.
Sections 423.31, 423.37, 423.38, 423.39, 423.40, 423.41, and 423.42 apply to the sponsors.
Sections 423.31, 423.37, 423.38 , 423.39, 423.40, 423.41, and 423.42 apply to the sponsors.
The determination may be made using any generally recognized valid and reliable sampling technique, whether or not the person being audited has complete records, and if mutually agreed upon by the department and the person being audited.
The determination may be made using any generally recognized valid and reliable sampling technique, whether or Senate File 565, p.
The period for the examination and determination of the correct amount of tax is unlimited in the case of a false or fraudulent return made with the intent to evade tax or in the case of a failure to file a return.
21 not the person being audited has complete records, and if mutually agreed upon by the department and the person being audited .
The period for the examination and determination of the correct amount of tax is unlimited in the case of a false or fraudulent return made with the intent to evade tax or in the case of a failure to file a return .
If the person fails to appeal the notice of assessment, the person may pay the tax, SF 565 (4) 90 -22- jm/jh/mb 22/38 S.F.
If the person fails to appeal the notice of assessment, the person may pay the tax, penalty, and interest and file a refund claim within the time period provided in section 422.73, or may request relief under section 421.5.
565 penalty, and interest and file a refund claim within the time period provided in section 422.73, or may request relief under section 421.5.
(3) If the person fails to file a return within three years from the date on the notice of assessment, the person may pay the tax, penalty, and interest and file a refund claim within the time period provided in section 422.73, or may request relief under section 421.5.
(3) If the person fails to file a return within three years from the date on the notice of assessment, the person may pay Senate File 565, p.
22 the tax, penalty, and interest and file a refund claim within the time period provided in section 422.73, or may request relief under section 421.5.
The sales tax liability for all sales of tangible SF 565 (4) 90 -23- jm/jh/mb 23/38 S.F.
The sales tax liability for all sales of tangible personal property and specified digital products and all sales of services is upon the seller and the purchaser unless the seller takes from the purchaser a valid exemption certificate stating under penalty of perjury that the purchase is for a nontaxable purpose and is not a retail sale as defined in section 423.1, or the seller is not obligated to collect tax due, or unless the seller takes a fuel exemption certificate pursuant to subsection 5.
565 personal property and specified digital products and all sales of services is upon the seller and the purchaser unless the seller takes from the purchaser a valid exemption certificate stating under penalty of perjury that the purchase is for a nontaxable purpose and is not a retail sale as defined in section 423.1, or the seller is not obligated to collect tax due, or unless the seller takes a fuel exemption certificate pursuant to subsection 5.
If the amount determined by the department is different than the amount that the purchaser claims is exempt, the department shall promptly SF 565 (4) 90 -24- jm/jh/mb 24/38 S.F.
If the amount determined Senate File 565, p.
565 notify the purchaser of the determination.
23 by the department is different than the amount that the purchaser claims is exempt, the department shall promptly notify the purchaser of the determination.
452A.23 Motor fuel tax —— SF 565 (4) 90 -25- jm/jh/mb 25/38 S.F.
452A.23 Motor fuel tax —— administration by department.
565 administration by department.
The department shall administer the taxes imposed by this Senate File 565, p.
The department shall administer the taxes imposed by this chapter in the same manner as and subject to section 422.25, subsection 4, section 423.35, and section 423.37.
24 chapter in the same manner as and subject to section 422.25, subsection 4, section 423.35, and section 423.37.
If after any audit, examination of records, or other investigation the department finds that any person has sold cigarettes without stamps affixed or that any person responsible for paying the tax has not done so as required by SF 565 (4) 90 -26- jm/jh/mb 26/38 S.F.
If after any audit, examination of records, or other investigation the department finds that any person has sold cigarettes without stamps affixed or that any person responsible for paying the tax has not done so as required by this subchapter, the department shall fix and determine the amount of tax due, and shall assess the tax against the person, together with a penalty as provided in section 421.27.
565 this subchapter, the department shall fix and determine the amount of tax due, and shall assess the tax against the person, together with a penalty as provided in section 421.27.
The taxpayer shall pay interest on the tax or additional tax at the rate determined under section 421.7 counting each fraction of a month as an entire month, computed from the date the tax was Senate File 565, p.
The taxpayer shall pay interest on the tax or additional tax at the rate determined under section 421.7 counting each fraction of a month as an entire month, computed from the date the tax was due.
25 due.
Every licensed distributor outside this state shall in like manner file a return with the director showing SF 565 (4) 90 -27- jm/jh/mb 27/38 S.F.
Every licensed distributor outside this state shall in like manner file a return with the director showing for the preceding calendar month the quantity and wholesale sales price of each tobacco product shipped or transported to retailers in this state to be sold by those retailers and any other information the director may require.
565 for the preceding calendar month the quantity and wholesale sales price of each tobacco product shipped or transported to retailers in this state to be sold by those retailers and any other information the director may require.
Within three years after the return is filed or within three years after the return became due, whichever is later, the department shall examine it, determine the correct amount of tax, and assess the tax against the taxpayer for any deficiency.
Within three years after the Senate File 565, p.
26 return is filed or within three years after the return became due, whichever is later, the department shall examine it, determine the correct amount of tax, and assess the tax against the taxpayer for any deficiency.
The department may prescribe a separate form or integrate the SF 565 (4) 90 -28- jm/jh/mb 28/38 S.F.
The department may prescribe a separate form or integrate the requirements of the form into a return when feasible.
565 requirements of the form into a return when feasible.
The authority of the appointee to act on behalf of the taxpayer shall be limited to the extent specifically stated in the order of appointment.
The authority of the appointee to act on behalf of the Senate File 565, p.
27 taxpayer shall be limited to the extent specifically stated in the order of appointment.
An individual holding the following title or position SF 565 (4) 90 -29- jm/jh/mb 29/38 S.F.
An individual holding the following title or position within a corporation, association, partnership, or other business entity:
565 within a corporation, association, partnership, or other business entity:
A parent or guardian of a taxpayer who has not reached the age of majority where the same parent or guardian has signed the taxpayer’s return on behalf of the taxpayer.
A parent or guardian of a taxpayer who has not reached the age of majority where the same parent or guardian Senate File 565, p.
28 has signed the taxpayer’s return on behalf of the taxpayer.
SF 565 (4) 90 -30- jm/jh/mb 30/38 S.F.
(2) The department has standing to petition the court that appointed the executor or personal representative to verify the appointment or to determine the scope of the appointment.
565 (2) The department has standing to petition the court that appointed the executor or personal representative to verify the appointment or to determine the scope of the appointment.
(1) An individual licensed as a certified public accountant or a licensed public accountant under chapter 542 or a similar law of another state.
(1) An individual licensed as a certified public accountant Senate File 565, p.
29 or a licensed public accountant under chapter 542 or a similar law of another state.
SF 565 (4) 90 -31- jm/jh/mb 31/38 S.F.
Sec.
565 Sec.
(f) Where the person occupying the homestead holds a life estate with the reversion interest held by a nonprofit corporation organized under chapter 504, provided that the holder of the life estate is liable for and pays property tax on the homestead.
Senate File 565, p.
(g) Where the person occupying the homestead holds an interest in a horizontal property regime under chapter 499B, regardless of whether the underlying land committed to the horizontal property regime is in fee or as a leasehold SF 565 (4) 90 -32- jm/jh/mb 32/38 S.F.
30 (f) Where the person occupying the homestead holds a life estate with the reversion interest held by a nonprofit corporation organized under chapter 504, provided that the holder of the life estate is liable for and pays property tax on the homestead.
565 interest, provided that the holder of the interest in the horizontal property regime is liable for and pays property tax on the homestead.
(g) Where the person occupying the homestead holds an interest in a horizontal property regime under chapter 499B, regardless of whether the underlying land committed to the horizontal property regime is in fee or as a leasehold interest, provided that the holder of the interest in the horizontal property regime is liable for and pays property tax on the homestead.
DIVISION X PROPERTY TAX CREDITS AND RENT REIMBURSEMENT Sec.
DIVISION X PROPERTY TAX CREDITS AND RENT REIMBURSEMENT Senate File 565, p.
31 Sec.
SF 565 (4) 90 -33- jm/jh/mb 33/38 S.F.
child support money, ;
565 child support money,;
This division of this Act applies to claims under section 435.22 for a credit for manufactured and mobile home taxes due SF 565 (4) 90 -34- jm/jh/mb 34/38 S.F.
This division of this Act applies to claims under section Senate File 565, p.
565 and payable in fiscal years beginning on or after July 1, 2024.
32 435.22 for a credit for manufactured and mobile home taxes due and payable in fiscal years beginning on or after July 1, 2024.
This division of this SF 565 (4) 90 -35- jm/jh/mb 35/38 S.F.
This division of this Act applies retroactively to January 1, 2023, for tax years beginning on or after that date.
565 Act applies retroactively to January 1, 2023, for tax years beginning on or after that date.
DIVISION XIII Senate File 565, p.
DIVISION XIII RETIRED FARMER INCOME EXCLUSIONS Sec.
33 RETIRED FARMER INCOME EXCLUSIONS Sec.
(4) “Materially participated” means the same as “material participation” in section 469(h) of the Internal Revenue Code, except that section 469(h)(3) of the Internal Revenue Code shall not apply.
(4) “Materially participated” means the same as “material participation” in section 469(h) of the Internal Revenue Code, except that section 469(h)(3) of the Internal Revenue Code shall not apply .
(5) “Materially participated” means the same as “material participation” in section 469(h) of the Internal Revenue Code, except that section 469(h)(3) of the Internal Revenue Code shall not apply.
(5) “Materially participated” means the same as “material participation” in section 469(h) of the Internal Revenue Code, except that section 469(h)(3) of the Internal Revenue Code shall not apply .
The director of revenue shall deposit instructional support income surtax moneys received on or before November 1 SF 565 (4) 90 -36- jm/jh/mb 36/38 S.F.
The director of revenue shall deposit instructional support income surtax moneys received on or before November 1 of the year following the close of the school budget year for which the surtax is imposed to the credit of each district from which the moneys are received in the school district income surtax fund.
565 of the year following the close of the school budget year for which the surtax is imposed to the credit of each district from which the moneys are received in the school district income surtax fund.
Instructional support income surtax moneys received or refunded after November 1 of the year following the close of the school budget year for which the surtax is imposed shall be deposited in or withdrawn from the general fund of the state and shall be considered part of the cost of administering the instructional support income surtax.
Instructional support income surtax moneys received or refunded after November 1 of the year following the close of the school budget year for which the surtax is imposed shall be Senate File 565, p.
34 deposited in or withdrawn from the general fund of the state and shall be considered part of the cost of administering the instructional support income surtax.
On or before January 15 of each year, the director of revenue shall make an accounting of the instructional support income surtax collected under this chapter during the preceding calendar year from taxpayers in each school district in the state which has approved the instructional support program, and shall certify to the department of management and the department of education the amount of total instructional support income surtax credited from the taxpayers of each SF 565 (4) 90 -37- jm/jh/mb 37/38 S.F.
On or before January 15 of each year, the director of revenue shall make an accounting of the instructional support income surtax collected under this chapter during the preceding calendar year from taxpayers in each school district in the state which has approved the instructional support program, and shall certify to the department of management and the department of education the amount of total instructional support income surtax credited from the taxpayers of each school district.
565 school district.
Notwithstanding any other provision of law to the contrary, the requirements of section 422.16B, including but not limited to the requirements to file a composite return and pay composite return tax, shall not apply to any estate for a tax year that began on or after January 1, 2022, and ended before December 31, 2022, if that estate received a certificate of acquittance from the department of revenue under section 422.27 without having filed a composite return under section 422.16B.
Notwithstanding any other provision of law to the contrary, the requirements of section 422.16B, including but not limited to the requirements to file a composite return and pay composite return tax, shall not apply to any estate for a tax year that began on or after January 1, 2022, and ended before December 31, 2022, if that estate received a certificate of acquittance from the Senate File 565, p.
35 department of revenue under section 422.27 without having filed a composite return under section 422.16B.
SF 565 (4) 90 -38- jm/jh/mb 38/38
______________________________ ______________________________ AMY SINCLAIR PAT GRASSLEY President of the Senate Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 565, Ninetieth General Assembly.
______________________________ W.
CHARLES SMITHSON Secretary of the Senate Approved _______________, 2023 ______________________________ KIM REYNOLDS Governor
⬇ Download PDF
View plain text versions (5)

Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Signed by Governor.

  2. Fiscal note.

  3. Reported correctly enrolled, signed by President and Speaker, and sent to Governor.

  4. Explanations of votes.

  5. Message from House.

  6. Immediate message.

  7. Passed House, yeas 95, nays 0.

  8. Substituted for HF 715.

  9. Fiscal note.

  10. Read first time, passed on file.

  11. Message from Senate.

  12. Immediate message.

  13. Passed Senate, yeas 49, nays 0.

  14. Amendment S-3170 filed, adopted.

  15. Committee report, approving bill.

  16. Introduced, placed on Ways and Means calendar.

Sponsors

  • COMMITTEE ON WAYS AND MEANS · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 149 not signed on

Sponsors (1)

  • COMMITTEE ON WAYS AND MEANS

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SF 565?
SF 565 is sponsored by COMMITTEE ON WAYS AND MEANS.
What is the current status of SF 565?
This bill has been enacted into law. Introduced April 06, 2023. Enacted.
Where can I track SF 565?
Track SF 565 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SF 565

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SF 565

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →