34 Exemption of restitution payments for persons of Japanese ancestry. For tax years

beginning on or after January 1, 1988, restitution payments authorized by P.L. 100-383 to individuals of Japanese ancestry who were interned during World War II are exempt from Iowa income tax to the extent the payments are included in federal adjusted gross income. P.L. 100-383 provides for a payment of Revenue[701] IAC 2/5/25 Ch 302, p.31 $20,000 for each qualifying individual who was alive on August 10, 1988. In cases where the qualifying individuals have died prior to the time that the restitution payments were received, the restitution payments received by the survivors of the interned individuals are also exempt from Iowa income tax. This rule is intended to implement Iowa Code section 422.7. [Editorial change: IAC Supplement 11/2/22]