Senate Journal: Page 1259: Tuesday, April 14, 1998

  *Pursuant to Senate Rule 40, the Legislative Service Bureau reported
  nonsubstantive
  changes to the members of the Ways and Means Committee on Senate File 2419,
  and
  they were attached to the committee report.

  ALSO:

  Final Bill Action:  HOUSE FILE 2513, a bill for an act relating to the
  individual
  income tax by eliminating the taxation of certain capital gains and
  providing special
  treatment of gains from the sales of businesses to descendants, increasing
  the amount
  of pension income excluded, increasing certain personal exemption tax
  credits, and
  increasing and expanding the tuition and textbook tax credit, exempting
  sales and
  services to certain nonprofit hospitals from the sales, services, and use
  taxes, and
  relating to the income eligibility requirements for the homestead property
  tax credit,
  mobile home tax credit, or reimbursement for rent constituting property
  taxes paid,
  and including effective and prospective and retroactive applicability date
  provisions.

  Recommendation:  DO PASS.

  Final Vote:  Ayes, 13:  Douglas, McKibben, Palmer, Borlaug, Connolly,
  Deluhery,
  Drake, Freeman, Hedge, Judge, Maddox, McLaren, and Szymoniak.  Nays, none.
  Absent or not voting, 2:  Redfern and Vilsack.

  Fiscal Note:  REQUIRED UNDER JOINT RULE 17.

  ALSO:

  Final Bill Action:  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; 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.

  Recommendation:  DO PASS.

  Final Vote:  Ayes, 13:  Douglas, McKibben, Palmer, Borlaug, Connolly,
  Deluhery,
  Drake, Freeman, Hedge, Judge, Maddox, McLaren, and Szymoniak.  Nays, none.
  Absent or not voting, 2:  Redfern and Vilsack.

  Fiscal Note:  NOT REQUIRED UNDER JOINT RULE 17.

  AMENDMENTS FILED

  S-5632		S.F. 2387	O. Gene Maddox
  S-5633		S.F. 2280	Sheldon Rittmer
  S-5634		H.F. 2530	Robert E. Dvorsky
  S-5635		S.F. 2277	Merlin E. Bartz
  S-5636		S.F. 2374	House

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