Senate Journal: Page 813: Thursday, March 14, 1996

    Fiscal Note: NOT REQUIRED UNDER JOINT RULE 17.

    ALSO:

    Final Bill Action: SENATE FILE 2429, a bill for  an act relating to
    limited liability companies and corporations, including the period
    within which a limited liability company subject to dissolution may be
    continued, use of trade names by corporations and limited liability
    companies, and providing an exemption from the real estate transfer tax
    for certain transfers involving limited liability companies.

    Recommendation: DO PASS.

    Final Vote: Ayes, 13: Palmer, Husak, Bennett, Connolly, Deluhery, Drake,
    Freeman, Hedge, Iverson, McLaren, Neuhauser, Priebe and Vilsack. Nays,
    none. Absent or not voting, 2: Murphy and Szymoniak.

    Fiscal Note: NOT REQUIRED UNDER JOINT RULE 17.

    ALSO:

    Final Bill Action: SENATE FILE 2449 (SSB 2343), 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; and providing
    effective and applicability date provisions.

    Recommendation: APPROVED COMMITTEE BILL.

    Final Vote: Ayes, 8: Palmer, Husak, Deluhery, Murphy, Neuhauser, Priebe,
    Szymoniak and Vilsack. Nays, 7: Bennett, Connolly, Drake, Freeman,
    Hedge, Iverson and McLaren.

    Fiscal Note: NOT REQUIRED UNDER JOINT RULE 17.



                              INTRODUCTION OF BILL

         Senate File 2449, by committee on Ways and Means, 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

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

Comments? sjourn@legis.iowa.gov.

Last update: Mon Mar 18 13:30:12 CST 1996
URL: /DOCS/GA/76GA/Session.2/SJournal/00800/00813.html
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