Text: H01201 Text: H01203 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 306 as follows: 1 2 #1. Page 1, line 12, by inserting after the word 1 3 "state" the following: "or resident shareholder of a 1 4 professional corporation, resident sole proprietor, 1 5 resident partner in a partnership, or resident member 1 6 of a limited liability company which carries on 1 7 business within and without the state". 1 8 #2. Page 1, line 19, by inserting after the word 1 9 "shareholder" the following: ", sole proprietor, 1 10 partner, or member". 1 11 #3. Page 1, line 22, by inserting after the word 1 12 "shareholder" the following: ", sole proprietor, 1 13 partner, or member". 1 14 #4. Page 1, line 25, by inserting after the word 1 15 "shareholder" the following: ", sole proprietor, 1 16 partner, or member". 1 17 #5. Page 3, line 24, by inserting after the word 1 18 "state," the following: "resident shareholder of a 1 19 professional corporation, resident sole proprietor, 1 20 resident partner in a partnership, or resident member 1 21 of a limited liability company which carries on 1 22 business within and without the state,". 1 23 #6. Page 4, line 13, by striking the words and 1 24 figure "unnumbered paragraph 1,". 1 25 #7. Page 4, line 15, by inserting before the word 1 26 "A" the following: "b." 1 27 #8. Page 4, line 18, by inserting after the word 1 28 "corporation" the following: ", professional 1 29 corporation, sole proprietorship, partnership, or 1 30 limited liability company". 1 31 #9. Page 4, line 20, by inserting after the word 1 32 "shareholders" the following: ", sole proprietor, 1 33 partners, or members". 1 34 #10. Page 4, by inserting after line 22 the 1 35 following: 1 36 "(1) The net income or loss of the corporation, 1 37 sole proprietorship, partnership, or limited liability 1 38 company which is fairly and equitably attributable to 1 39 this stateunderin the manner provided in section 1 40 422.33, subsections 2 and 3. 1 41 (2) Any cash or the value of property 1 42 distributions which are made only to the extent that 1 43 they are paid from income upon which Iowa income tax 1 44 has not been paid, as determined under rules of the 1 45 director, reduced by fifty percent of the amount of 1 46 any of these distributions that are made to enable the 1 47 shareholder to pay federal income tax on items of 1 48 income, loss, and expenses from the corporation or 1 49 reduced by one hundred percent of such amount in the 1 50 case of a professional corporation, sole 2 1 proprietorship, partnership, or limited liability 2 2 company." 2 3 #11. Page 4, line 27, by inserting after the word 2 4 "Code," the following: "shareholder, sole proprietor, 2 5 partner, member,". 2 6 #12. Page 4, line 31, by inserting after the word 2 7 "Code" the following: ", shareholder, sole 2 8 proprietorship, partnership, or limited liability 2 9 company". 2 10 #13. Title page, line 3, by inserting before the 2 11 word "and" the following: ", to shareholders of 2 12 professional corporations, sole proprietors, partners 2 13 of partnerships, and members of limited liability 2 14 companies". 2 15 2 16 2 17 2 18 RICHARDSON of Warren 2 19 HF 306.202 77 2 20 mg/jj/28
Text: H01201 Text: H01203 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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