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Senate File 2365, a bill for an act relating to the imposition of the sales and use tax on building materials, supplies, and equipment sold and used in the construction of facilities of rural water districts. Also: That the Senate has on April 17, 1998, concurred in the House amendment and passed the following bill in which the concurrence of the Senate was asked: Senate File 2416, a bill for an act relating to the replacement of property tax on property associated with electricity and natural gas with excise taxes associated with electricity and natural gas, establishing a statewide property tax on property associated with electricity and natural gas, providing for a special utility property tax levy or tax credit, providing for the Act's retroactive applicability, providing an effective date, and providing penalties. MARY PAT GUNDERSON, Secretary The House resumed consideration of Senate File 2415, a bill for an act relating to agricultural finance, providing an appropriation, and providing an effective date, previously deferred. Meyer of Sac offered amendment H-9196 filed by the committee on appropriations as follows: H-9196 1 Amend Senate File 2415, as amended, passed, and 2 reprinted by the Senate, as follows: 3 1. Page 1, by inserting after line 20, the 4 following: 5 "__. A need exists to support the production of 6 agricultural commodities and the processing and 7 marketing of agricultural products which are produced 8 by using biological techniques for the development of 9 specialized plant or animal characteristics for 10 beneficial nutritional, commercial, or industrial 11 purposes." 12 2. Page 1, by inserting after line 34, the 13 following: 14 "__. A need exists for additional sources of 15 financing for ventures designed to support the 16 production, processing, and marketing of high value 17 agricultural products using biological techniques 18 which create increasingly high value agricultural 19 products for consumers around the world." 20 3. Page 2, line 2, by striking the words 21 "agricultural producer-led" and inserting the 22 following: "Iowa agricultural industry". 23 4. Page 3, by striking lines 24 through 35 and 24 inserting the following: 25 "(2) A family farm entity if any of the following 26 individuals is actively engaged in agricultural 27 production: 28 (a) A shareholder and an officer, director, or
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