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House Journal: Page 1434: Tuesday, April 22, 1997

30   director of revenue and finance may require.  The
31   statement shall be attached to the income tax return
32   of such person in order to qualify for the tax credit.
33     b.  The taxpayer making the original investment in
34   the Iowa capital investment board may, during the year
35   of the termination or insolvency of the Iowa capital
36   investment board or during the three years following
37   such termination or insolvency, transfer any unused
38   tax credit to another taxpayer who may use the tax
39   credit against the taxes imposed under chapter 422,
40   divisions II and III, for any tax year the original
41   investor could have claimed the tax credit."
Amendment H-1821 was adopted.
Shoultz of Black Hawk offered the following amendment H-1797
filed by him and moved its adoption:

H-1797

 1     Amend House File 722 as follows:
 2     1.  Page 4, by striking lines 10 through 15 and
 3   inserting the following:  "corporation and shall
 4    liquidate".
 5     2.  Page 5, by striking lines 8 through 11.
 6     3.  By renumbering as necessary.
Amendment H-1797 lost.
Weigel of Chickasaw offered the following amendment H-1766 filed
by him and moved its adoption:

H-1766

 1     Amend House File 722 as follows:
 2     1.  By striking everything after the enacting
 3   clause and inserting the following:
 4     "Sec. ___.  The legislative council is requested to
 5   establish an interim committee to examine the costs,
 6   benefits, and feasibility of the venture capital
 7   investment proposal in House File 652.  In addition to
 8   members of the general assembly, the committee shall
 9   include representatives of the state university
10   research parks, the Iowa seed capital corporation, the
11   John Pappajohn entrepreneurial centers, the Iowa
12   banking industry, the Iowa brokerage industry, the
13   department of revenue and finance, and the securities
14   bureau of the insurance division of the department of
15   commerce.  The committee shall submit a report of its
16   findings and recommendations to the general assembly
17   by December 15, 1997."
18     2.  Title page, by striking lines 1 through 4 and
19   inserting the following:  "An Act relating to the

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

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Last update: Mon Apr 28 03:40:03 CDT 1997
URL: /DOCS/GA/77GA/Session.1/HJournal/01400/01434.html
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