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Text: H03646                            Text: H03648
Text: H03600 - H03699                   Text: H Index
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House Amendment 3647

Amendment Text

PAG LIN
  1  1    Amend Senate File 156, as amended, passed, and
  1  2 reprinted by the Senate, as follows:
  1  3    #1.  Page 1, line 9, by striking the words "agrees
  1  4 to maintain" and inserting the following:  ", as of
  1  5 the end of each fiscal year of the qualified venture
  1  6 capital company, maintains".
  1  7    #2.  Page 1, by striking lines 10 and 11 and
  1  8 inserting the following:  "or assets in Iowa."
  1  9    #3.  Page 1, line 12, by striking the words "raise
  1 10 equity capital or".
  1 11    #4.  Page 1, line 13, by inserting after the word
  1 12 "obtain" the following:  "adequate".
  1 13    #5.  Page 1, line 13, by inserting after the word
  1 14 "financing" the following:  "on suitable terms".
  1 15    #6.  Page 2, lines 23 and 24, by striking the words
  1 16 ", which shall not exceed fifty percent,".
  1 17    #7.  Page 2, line 25, by inserting after the word
  1 18 "company." the following:  "The cumulative tax credit
  1 19 for all years claimed shall not exceed fifty percent
  1 20 of the taxpayer's new cash invested in the qualified
  1 21 venture capital company."
  1 22    #8.  Page 2, line 31, by striking the words
  1 23 "qualified venture capital company" and inserting the
  1 24 following:  "taxpayer".
  1 25    #9.  Page 2, line 32, by striking the words
  1 26 "qualified venture capital company" and inserting the
  1 27 following:  "taxpayer".
  1 28    #10.  Page 3, lines 1 and 2, by striking the words
  1 29 "qualified venture capital company's" and inserting
  1 30 the following:  "taxpayer's".
  1 31    #11.  Page 3, lines 7 and 8, by striking the words
  1 32 "qualified venture capital companies" and inserting
  1 33 the following:  "taxpayers".
  1 34    #12.  Page 3, lines 19 and 20, by striking the
  1 35 words "qualified venture capital company" and
  1 36 inserting the following:  "taxpayer".
  1 37    #13.  Page 4, line 14, by inserting after the word
  1 38 "assets" the following:  "as private capitalization in
  1 39 the qualified venture capital company".  
  1 40 
  1 41 
  1 42                              
  1 43 COMMITTEE ON ECONOMIC DEVELOPMENT
  1 44 LARSON of Linn, Chairperson
  1 45 SF 156.205 76
  1 46 mk/jj
     

Text: H03646                            Text: H03648
Text: H03600 - H03699                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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