October 29, 1991
TO: PENSION COMMITTEE NO. 33-91
RE: IOWA REQUIRES WITHHOLDING FROM PENSION DISTRIBUTIONS
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Attached is a copy of Iowa Senate File 83, which was signed
by the Governor on May 29, 1991. Section 4 of the Act requires
that state income tax be withheld from pensions, annuities and
other similar periodic payments to those persons whose primary
residence is in Iowa in those circumstances in which federal
withholding applies, at a rate to be specified by the Iowa
Department of Revenue and Finance. The new provision takes
effect for tax years beginning on or after January 1, 1992.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension
Attachment