Text: HF00116 Text: HF00118 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.34A, Code 1997, is amended by
1 2 adding the following new subsection:
1 3 NEW SUBSECTION. 7. Participating in job training or
1 4 education for its employees.
1 5 Sec. 2. This Act, being deemed of immediate importance,
1 6 takes effect upon enactment and applies retroactively to
1 7 January 1, 1997, for tax years beginning on or after that
1 8 date.
1 9 EXPLANATION
1 10 The bill provides that an activity of a foreign corporation
1 11 which involves participation in job training or education for
1 12 its employees does not constitute doing business within the
1 13 state or deriving income from sources within the state for the
1 14 purposes of the imposition of the state corporate income tax.
1 15 The bill takes effect upon enactment and applies
1 16 retroactively to January 1, 1997, for tax years beginning on
1 17 or after that date.
1 18 LSB 1447HH 77
1 19 mg/jw/5
Text: HF00116 Text: HF00118 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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