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House Journal: Page 270: Wednesday, February 7, 1996

11   inheritance tax paid under chapter 450, to the extent
12   not taken as a credit for federal estate tax purposes,
13   by the taxpayer who is the father or mother, son or
14   daughter, including legally adopted sons and daughters
15   or biological sons and daughters, stepchild, or
16   grandchild of the decedent.
17     Any credit in excess of the tax liability for the
18   tax year may be credited to the tax liability for the
19   following ten tax years or until depleted, whichever
20   is the earlier."
21     2.  Page 3, line 27, by inserting after the figure
22   "1996" the following:  "for inheritance tax paid
23   during income tax years ending after that date".
24     3.  Title page, line 4, by striking the words
25   "exemptions from the state inheritance tax" and
26   inserting the following:  "income tax credit for state
27   inheritance tax paid".
A non-record roll call was requested.
The ayes were 36, nays 56.
Amendment H-5037 lost.

Shoultz of Black Hawk asked and received unanimous consent to
defer action on amendment H-5032 for the immediate consideration
of amendment H-5021.
Shoultz of Black Hawk offered the following amendment H-5021
filed by Shoultz et. al. and moved its adoption:

H-5021

 1     Amend House File 2111 as follows:
 2     1.  By striking page 3, line 28, through page 4,
 3   line 18, and inserting the following:
 4                        "DIVISION    
 5                       SCHOOL FUNDING
 6     Sec. ___.  Section 256B.9, Code 1995, is amended by
 7   adding the following new subsection:
 8     NEW SUBSECTION.  10.  For the school year
 9   commencing July 1, 1996, the director of the
10   department of education shall report to the school
11   budget review committee the total statewide deficit,
12   actual or estimate for the most recent school year
13   available, in costs for providing instruction for
14   children requiring special education in the categories
15   of the weighting plan established under this section,
16   and for providing services to nonpublic school
17   students pursuant to section 256.12, subsection 2.
18   The school budget review committee shall adjust the
19   weighting plan beginning with the school year
20   beginning July 1, 1996, so as to eliminate the amount
21   of the statewide deficit as reported by the director.
22   Any adjustment to weightings made under this

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Mon Feb 12 10:55:03 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/00200/00270.html
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