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House Journal: Page 1728: Wednesday, April 17, 1996

Senate File 2449, a bill for an act changing the computation of
the inflation factors for the tax brackets and standard
deduction under the individual income tax; changing the
computation of taxable income of certain subchapter S
corporations and their shareholders; increasing inheritance tax
exemptions for certain relatives; increasing the amount of the
appropriations for homestead credit, military service credit,
and low-income credit and reimbursement claims; providing income
tax credits for investing in a qualified venture capital
company; establishing incentives for family farm animal feeding
operations and making an appropriation; adjusting the funding
for the family farm and agricultural land tax credits;
establishing a study of the property tax system as the sole or
major source of local funding and of alternate sources of
funding for school, city, and county services, the repayment of
bonds or other debt obligations, and capital improvements; and
providing effective and applicability date provisions.

ON THE PART OF THE HOUSE	ON THE PART OF THE SENATE

ROGER HALVORSON, Chair	WILLIAM D. PALMER, Chair
BILL BERNAU	WAYNE BENNETT
JOHN GREIG	MARY LOU FREEMAN
CHUCK LARSON	EMIL J. HUSAK
RICHARD MYERS	TOM VILSACK
PRESENTATION OF VISITORS
The Speaker announced that the following visitors were present
in the House chamber:
Six seventh and eighth grade students from Johnston Middle
School, Johnston, accompanied by Connie Skow and Kaye Smock. By
Churchill of Polk.
Four sixth and seventh grade students from Grinnell, accompanied
by Joy Carroll. By Carroll of Poweshiek.
Eight high school students from Albia High School, Albia,
accompanied by Diana White. By Kreiman of Davis.
Ten National Honor Society students from Central Decatur High
School, Leon, accompanied by Evonne Kouba and Connie Richard. By
Daggett of Union.
Twenty-five eighth grade students from MFL-Mar Mac Middle
School, McGregor, accompanied by Mr. Elliott, Mr. Whitney, Mr.
Krambeer and Mrs. Schlein. By Halvorson of Clayton.
Thirty-seven fourth and fifth grade students from Amana-Clear
Creek , Middle Amana, accompanied by Beverly Stolfus. By Tyrrell
of Iowa. 

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