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House Journal: Page 1038: Wednesday, March 27, 1996

H-5653

 1     Amend the amendment, H-5523, to Senate File 2449,
 2   as amended, passed, and reprinted by the Senate, as
 3   follows:
 4     1.  Page 3, by inserting after line 26 the
 5   following:
 6                        "DIVISION    
 7         PROPERTY TAX CREDITS FUNDING
 8     Sec. ___.  Section 8.59, Code 1995, is amended to
 9   read as follows:
10     8.59  APPROPRIATIONS FREEZE.
11     Notwithstanding contrary provisions of the Code,
12   the amounts appropriated under the applicable sections
13   of the Code for fiscal years commencing on or after
14   July 1, 1993, are limited to those amounts expended
15   under those sections for the fiscal year commencing
16   July 1, 1992.  If an applicable section appropriates
17   moneys to be distributed to different recipients and
18   the operation of this section reduces the total amount
19   to be distributed under the applicable section, the
20   moneys shall be prorated among the recipients.  As
21   used in this section, "applicable sections" means the
22   following sections:  53.50, 229.35, 230.8, 230.11,
23   405A.8, 411.20, 425.1, 425.39, 426A.1, 663.44, and
24   822.5.
25     Sec. ___.  Section 425.40, subsection 1, Code 1995,
26   is amended to read as follows:
27     1.  A low-income tax credit and reimbursement fund
28   is created.  There is appropriated annually from the
29   general fund of the state to the department of revenue
30   and finance to be credited to the low-income tax
31   credit and reimbursement fund an amount sufficient to
32   implement this division."
33     2.  Page 6, line 7, by inserting after the word
34   "tax," the following:  "fully funding the homestead
35   and military tax credits and the low-income credit and
36   reimbursement programs,".
Roll call was requested by Bernau of Story and McCoy of Polk.
Rule 75 was invoked.
On the question "Shall amendment H-5653, to amendment H-5523, be
adopted?"   (S.F. 2449)
The ayes were, 36:

Baker          	Bell           	Bernau         	Brammer       
	Brand          	Burnett        	Cataldo        	Cohoon        
		Connors        	Doderer        	Drees          	Fallon        
	Harper         	Holveck        	Jochum         	Koenigs       
		Kreiman        	Larkin         	Mascher        	May 

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

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Last update: Thu Mar 28 13:30:02 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01000/01038.html
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