Text: H05016                            Text: H05018
Text: H05000 - H05099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Amendment 5017

Amendment Text

PAG LIN
  1  1    Amend House File 2111 as follows:
  1  2    #1.  By striking page 2, line 20, through page 3,
  1  3 line 25, and inserting the following:
  1  4    "Sec.    .  Section 450.10, subsection 1, Code
  1  5 1995, is amended to read as follows:
  1  6    1.  When the property, interest, or income passes
  1  7 to the father or mother, or to a child or lineal
  1  8 descendant of the decedent, grantor, donor, or vendor,
  1  9 including a legally adopted child or biological child
  1 10 entitled to inherit under the laws of this state, the
  1 11 tax imposed shall be on the individual share so
  1 12 passing in excess of the exemptions allowed as
  1 13 follows:
  1 14    One percent of the first five ten thousand dollars.
  1 15    Two percent of any amount in excess of five ten
  1 16 thousand dollars and up to twelve twenty-five thousand
  1 17 five hundred dollars.
  1 18    Three percent on any amount in excess of twelve
  1 19 twenty-five thousand five hundred dollars and up to
  1 20 twenty-five fifty thousand dollars.
  1 21    Four percent on any amount in excess of twenty-five
  1 22 fifty thousand dollars and up to fifty one hundred
  1 23 thousand dollars.
  1 24    Five percent on any amount all sums in excess of
  1 25 fifty one hundred thousand dollars and up to seventy-
  1 26 five thousand dollars.
  1 27    Six percent on any amount in excess of seventy-five
  1 28 thousand dollars and up to one hundred thousand
  1 29 dollars.
  1 30    Seven percent on any amount in excess of one
  1 31 hundred thousand dollars and up to one hundred fifty
  1 32 thousand dollars.
  1 33    Eight percent on all sums in excess of one hundred
  1 34 fifty thousand dollars." 
  1 35 
  1 36 
  1 37                              
  1 38 DINKLA of Guthrie
  1 39 
  1 40 
  1 41                              
  1 42 MILLAGE of Scott
  1 43 
  1 44 
  1 45                              
  1 46 WISE of Lee
  1 47 
  1 48 
  1 49                              
  1 50 O'BRIEN of Boone
  2  1 
  2  2 
  2  3                              
  2  4 OLLIE of Clinton
  2  5 
  2  6 
  2  7                              
  2  8 WARNSTADT of Woodbury
  2  9 
  2 10 
  2 11                              
  2 12 NELSON OF Pottawattamie
  2 13 
  2 14 
  2 15                              
  2 16 McCOY of Polk
  2 17 
  2 18 
  2 19                              
  2 20 MYERS of Johnson
  2 21 HF 2111.302 76
  2 22 mg/cf
     

Text: H05016                            Text: H05018
Text: H05000 - H05099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

Iowa General Assembly

Search: House Bills and Amendments (76th General Assembly)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? webmaster@legis.iowa.gov.

Last update: Thu Feb 8 16:38:58 CST 1996
URL: /DOCS/GA/76GA/Legislation/H/05000/H05017/960129.html
jhf