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House Journal: Page 1326: Tuesday, April 7, 1998

Ways and Means Calendar
House File 2543, a bill for an act relating to the state
inheritance tax by exempting intangible personal property owned
by an inhabitant of another state; determining the net market
value of transfers made within three years of death as the net
market value on the date of transfer; exempting the tax only
upon the portion of retirement benefits and individual
retirement accounts that will be subject to federal income tax
when paid; applying compromised settlements for federal estate
tax purposes the same for state purposes; and requiring deferred
estates to be recorded by the department of revenue and finance
if tax is not paid when tax accrues; and providing an
applicability date provision, was taken up for consideration.
Dinkla of Guthrie offered the following amendment H-8866 filed
by him and moved its adoption:

H-8866

 1     Amend House File 2543 as follows:
 2     1.  Page 2, by striking lines 21 through 32.
 3     2.  Title page, lines 7 through 9, by striking the
 4   words "applying compromised settlements for federal
 5   estate tax purposes the same for state purposes;".
Amendment H-8866 was adopted.
Lamberti of Polk moved that the bill be read a last time now and
placed upon its passage which motion prevailed and the bill was
read a last time.
On the question "Shall the bill pass?" (H.F. 2543)

The ayes were, 98:

Arnold 	Barry 	Bell 	Bernau 
Blodgett 	Boddicker 	Boggess 	Bradley 
Brand 	Brauns 	Brunkhorst 	Bukta 
Burnett 	Carroll 	Cataldo 	Chapman 
Chiodo 	Churchill 	Cohoon 	Connors 
Cormack	Dinkla 	Dix 	Doderer 
Dolecheck 	Dotzler 	Drake 	Drees 
Eddie 	Falck 	Fallon 	Foege 
Ford 	Frevert 	Garman	Gipp 
Greig 	Greiner 	Gries 	Grundberg 
Hahn 	Hansen 	Heaton	Holmes 
Holveck 	Houser 	Huseman 	Huser 
Jacobs 	Jenkins 	Jochum 	Kinzer 
Klemme 	Koenigs 	Kreiman 	Kremer 
Lamberti 	Larkin 	Larson 	Lord 

© 1998 Cornell College and League of Women Voters of Iowa

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Last update: Wed Apr 8 13:40:10 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01300/01326.html
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