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Senate Journal: Page 1600: Wednesday, May 3, 1995

         ALSO: That the House has on May 3, 1995, passed the following bill
    in which the concurrence of the House was asked:

         Senate File 468, a bill for  an act to legalize the transfer of
    certain property by the City of Keokuk and providing an effective date.

         ALSO: That the House has on May 3, 1995, amended and passed the
    following bill in which the concurrence of the Senate is asked:

         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 (S-3680).

         ALSO: That the House has on May 3, 1995, receded from the House
    amendment and passed the following bill in which the concurrence of the
    House was asked:

         Senate File 189, a bill for  an act relating to the transfer of
    real estate by exempting certain transfers of real estate from the real
    estate transfer tax and providing that a lien for a purchase money
    mortgage has priority over other interests in the property.



                           HOUSE AMENDMENT CONSIDERED

    Senate File 478

         Senator Palmer called up for consideration 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, amended by the House in
    House amendment S-3680 filed May 3, 1995.

         Senator Palmer offered amendment S-3682 filed by him from the floor
    to House amendment S-3680.

         Senator Bennett asked and received unanimous consent that action on
    amendment S-3682 to House amendment S-3680, House amendment S-3680 and
    Senate File 478 be deferred.

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