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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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Last update: Thu Apr 18 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01700/01728.html
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