Text: H03202 Text: H03204 Text: H03200 - H03299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-3030, to Senate File 69, as 1 2 passed by the Senate as follows: 1 3 #1. Page 1, line 6, by inserting after the word 1 4 "INCOME" the following: "AND INHERITANCE". 1 5 #2. Page 4, by inserting before line 35 the 1 6 following: 1 7 "Sec. 100. Section 450.2, Code 1995, is amended by 1 8 adding the following new unnumbered paragraph: 1 9 NEW UNNUMBERED PARAGRAPH. Property passing from 1 10 estates of decedents dying on or after July 1, 1999, 1 11 is not subject to tax under this chapter. This 1 12 chapter is repealed July 1, 1999, for property of 1 13 estates of decedents dying on or after July 1, 1999. 1 14 Sec. 200. Section 450.10, Code 1995, is amended by 1 15 adding the following new subsection: 1 16 NEW SUBSECTION. 8. For property, interest in 1 17 property, or income from property passing from estates 1 18 of decedents dying during the following fiscal years 1 19 the tax rates under subsections 1 through 6 shall be a 1 20 percentage of those specified as follows: 1 21 a. For the fiscal year beginning July 1, 1995, 1 22 eighty percent. 1 23 b. For the fiscal year beginning July 1, 1996, 1 24 sixty percent. 1 25 c. For the fiscal year beginning July 1, 1997, 1 26 forty percent. 1 27 d. For the fiscal year beginning July 1, 1998, 1 28 twenty percent. 1 29 e. For fiscal years beginning on or after July 1, 1 30 1999, zero percent." 1 31 #3. Page 4, by inserting after line 46 the 1 32 following: 1 33 "Sec. . APPLICABILITY. Sections 100 and 200 of 1 34 this Act apply to estates of decedents dying on or 1 35 after July 1, 1995." 1 36 #4. Page 38, line 3, by inserting after the word 1 37 "health," the following: "inheritance tax phase 1 38 out,". 1 39 #5. By renumbering as necessary. 1 40 1 41 1 42 1 43 WEIGEL of Chickasaw 1 44 1 45 1 46 1 47 SCHRADER of Marion 1 48 1 49 1 50 2 1 BERNAU of Story 2 2 2 3 2 4 2 5 JOCHUM of Dubuque 2 6 2 7 2 8 2 9 BAKER of Polk 2 10 2 11 2 12 2 13 BRAND of Benton 2 14 2 15 2 16 2 17 MORELAND of Wapello 2 18 2 19 2 20 2 21 MYERS of Johnson 2 22 2 23 2 24 2 25 MUNDIE of Webster 2 26 SF 69.216 76 2 27 mg/jj
Text: H03202 Text: H03204 Text: H03200 - H03299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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