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Senate Journal: Page 1433: Wednesday, April 17, 1996

                                    APPENDIX



                           CERTIFICATES OF RECOGNITION

         The secretary of the senate issued the following certificates of
    recognition:

         Katy James, Farragut - For being chosen as the next President of
    Future Farmers of America. Senator McLaren (4-17-96).

         Ross V. Vernon, Sioux Center - For serving 50 years on the Sioux
    Center City Council. Senator Rensink (4-17-96).



                            PRESENTATION OF VISITORS

         The Chair welcomed the following visitors who were present in the
    Senate gallery:

         Twenty-two eighth grade students from MFL-MarMac School,
    accompanied by Mr. Elliott, Mr. Whitney, Mr. Kornbeer and Mrs. Schlein.
    Senator Zieman.



                      CONFERENCE COMMITTEE REPORT RECEIVED

                               (Senate File 2449)

         A conference committee report signed by the following Senate and
    House members was filed April 17, 1996, on 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

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