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Senate Journal: Page 1516: Friday, April 28, 1995

                               UNFINISHED BUSINESS

                            (Deferred April 17, 1995)

    Senate File 478

         The Senate resumed consideration of Senate File 478, a bill for  an
    act relating to the state franchise tax imposed on financial
    institutions by disallowing the deduction for expenses related to a
    financial institutions investment in investment subsidiaries and
    providing effective and applicability dates, and amendment S-3447 by
    Senators Vilsack, Drake and Douglas to page 1 and the title page of the
    bill, deferred April 17, 1995.

         Senator Vilsack asked and received unanimous consent that action on
    amendment S-3447 continue to be deferred.

         Senator Gronstal withdrew amendment S-3553 filed by him on April
    24, 1995, to page 1 of the bill.

         Senator Bennett offered amendment S-3605 filed by him on April 27,
    1995, to strike everything after the enacting clause of the bill.

         Senator Bisignano offered amendment S-3630 filed by Senators
    Bisignano and Palmer from the floor to amendment S-3605.

         Senator Drake raised the point of order that amendment S-3630 to
    amendment S-3605 was not germane to the bill.

         The Chair ruled the point well taken and amendment S-3630 out of
    order.

         Senator Bisignano asked and received unanimous consent that action
    on amendment S-3605 and Senate File 478 be deferred.



                              IMMEDIATELY MESSAGED

         Senator Horn asked and received unanimous consent that Senate File
    486 be immediately messaged to the House.

         The Senate stood at ease at 5:16 p.m. until the fall of the gavel
    for the purpose of party caucuses.

         The Senate resumed session at 7:48 p.m., President Boswell
    presiding.

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