Senate Journal: Page 1595: Wednesday, May 1, 1996

                       CONFERENCE COMMITTEE REPORT ADOPTED

    Senate File 2449

         Senator Palmer called up the conference committee report 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
    providing effective and applicability date provisions, filed on April
    17, 1996, and moved its adoption.

         The motion prevailed by a voice vote and the conference committee
    report and the recommendations and amendments contained therein was
    adopted.

         Senator Palmer moved that the bill be read the last time now and
    placed upon its passage, which motion prevailed by a voice vote, and the
    bill was read the last time.

         On the question Shall the bill pass? (S.F. 2449) the vote was:

    Ayes, 43:


         Bartz         Bennett       Black         Boettger
         Borlaug       Boswell       Connolly      Deluhery
         Douglas       Drake         Dvorsky       Fink
         Flynn         Fraise        Freeman       Gettings
         Giannetto     Gronstal      Hansen        Hedge
         Horn          Husak         Iverson       Jensen
         Judge         Kibbie        Kramer        Lind
         Lundby        Maddox        McKean        McLaren
         Murphy        Palmer        Priebe        Redfern
         Rensink       Rife          Rittmer       Sorensen
         Tinsman       Vilsack       Zieman

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: Tue Jun 25 15:30:24 CDT 1996
URL: /DOCS/GA/76GA/Session.2/SJournal/01500/01595.html
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