Text: H09015 Text: H09017 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2539 as follows:
1 2 #1. Page 1, line 8, by striking the word
1 3 "entitled" and inserting the following: "eligible,
1 4 subject to availability of credits,".
1 5 #2. Page 1, by striking lines 19 through 21 and
1 6 inserting the following: "credit, the small business
1 7 shall not deduct for Iowa tax purposes any amount of
1 8 the cost of an assistive device or workplace
1 9 modifications which is deductible for federal tax
1 10 purposes.
1 11 2. To receive the assistive device tax credit, the
1 12 eligible small business must submit an application to
1 13 the department of economic development. If the
1 14 taxpayer meets the criteria for eligibility, the
1 15 department of economic development shall issue to the
1 16 taxpayer a certification of entitlement for the
1 17 assistive device tax credit. However, the combined
1 18 amount of tax credits that may be approved for a
1 19 fiscal year under this section and section 422.33,
1 20 subsection 9, shall not exceed five hundred thousand
1 21 dollars. Tax credit certificates shall be issued on
1 22 an earliest filed basis. The certification shall
1 23 contain the taxpayer's name, address, tax
1 24 identification number, the amount of the credit, and
1 25 tax year for which the certificate applies. The
1 26 taxpayer must file the tax credit certificate with the
1 27 taxpayer's individual income tax return in order to
1 28 claim the tax credit. The departments of economic
1 29 development and revenue and finance shall each adopt
1 30 rules to jointly administer this section and shall
1 31 provide by rule for the method to be used to determine
1 32 for which fiscal year the tax credits are approved."
1 33 #3. Page 1, line 22, by striking the figure "2."
1 34 and inserting the following: "3."
1 35 #4. Page 1, line 29, by striking the figure "3."
1 36 and inserting the following: "4."
1 37 #5. Page 2, line 18, by inserting after the figure
1 38 "9." the following: "a."
1 39 #6. Page 2, line 21, by striking the words
1 40 "purposes of"
1 41 #7. Page 2, line 23, by striking the word
1 42 "entitled" and inserting the following: "eligible,
1 43 subject to availability of credits,".
1 44 #8. By striking page 2, line 34, through page 3,
1 45 line 2 and inserting the following: "business shall
1 46 not deduct for Iowa tax purposes any amount of the
1 47 cost of an assistive device or workplace modifications
1 48 which is deductible for federal income tax purposes.
1 49 b. To receive the assistive device tax credit, the
1 50 eligible small business must submit an application to
2 1 the department of economic development. If the
2 2 taxpayer meets the criteria for eligibility, the
2 3 department of economic development shall issue to the
2 4 taxpayer a certification of entitlement for the
2 5 assistive device tax credit. However, the combined
2 6 amount of tax credits that may be approved for a
2 7 fiscal year under this subsection and section 422.11D
2 8 shall not exceed five hundred thousand dollars. Tax
2 9 credit certificates shall be issued on an earliest
2 10 filed basis. The certification shall contain the
2 11 taxpayer's name, address, tax identification number,
2 12 the amount of the credit, and tax year for which the
2 13 certificate applies. The taxpayer must file the tax
2 14 credit certificate with the taxpayer's corporate
2 15 income tax return in order to claim the tax credit.
2 16 The departments of economic development and revenue
2 17 and finance shall each adopt rules to jointly
2 18 administer this subsection and shall provide by rule
2 19 for the method to be used to determine for which
2 20 fiscal year the tax credits are approved.
2 21 c. For purposes of this subsection:
2 22 (1) "Assistive device"."
2 23 #9. Page 3, line 16, by striking the letter "b."
2 24 and inserting the following: "(2)".
2 25 #10. Page 3, line 18, by striking the letter "c."
2 26 and inserting the following: "(3)".
2 27 #11. Page 3, line 22, by striking the letter "d."
2 28 and inserting the following: "(4)".
2 29 #12. Title page, by striking lines 1 through 5 and
2 30 inserting the following: "An Act providing an
2 31 assistive device tax credit under the individual and
2 32 corporate taxes for the acquisition or modification of
2 33 assistive technology or the modification of the
2 34 workplace in order to assist persons with a disability
2 35 in the workplace, limiting the total amount of credits
2 36 allowed, and including an effective and retroactive
2 37 applicability date provision."
2 38
2 39
2 40
2 41 BOAL of Polk
2 42 HF 2539.301 78
2 43 mg/cf
Text: H09015 Text: H09017 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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