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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