Text: H09071 Text: H09073 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2572 as follows: 1 2 #1. Page 3, by inserting after line 6 the 1 3 following: 1 4 "DIVISION 1 5 LIVESTOCK PRODUCTION TAX CREDIT 1 6 Sec. . Section 422.121, Code Supplement 1999, 1 7 is amended to read as follows: 1 8 422.121 APPROPRIATION – LIMITATION. 1 9Beginning withFor the fiscalyearyears beginning 1 10 July 1, 1997, July 1, 1998, and July 1, 1999, there is 1 11 appropriated annually from the general fund of the 1 12 state two million dollars to refund the credits 1 13 allowed under this division. For the fiscal year 1 14 beginning July 1, 2000, there is appropriated from the 1 15 general fund of the state three million dollars to 1 16 refund the credits allowed under this division. For 1 17 the fiscal year beginning July 1, 2001, and each 1 18 subsequent fiscal year, there is appropriated annually 1 19 from the general fund of the state four million 1 20 dollars to refund the credits allowed under this 1 21 division. Notwithstanding section 422.120, for tax 1 22 years beginning on or after January 1, 1997, the 1 23 livestock production tax credit shall only be allowed 1 24 for cow-calf operations. In calculating the tax 1 25 credit for cow-calf operations for tax years beginning 1 26 in the 1997 calendar year, mature beef cows bred or 1 27 for breeding, bred yearling heifers, and breeding 1 28 bulls in the operations' inventory on December 31 of 1 29 the tax year which were also in the operations on July 1 30 1 of the tax year and stockers and feeders sold during 1 31 the tax year may be counted. In calculating the tax 1 32 credit for cow-calf operations for tax years beginning 1 33 on or after January 1, 1998, only those bred cows, 1 34 bred heifers, and breeding bulls in the operations' 1 35 inventory on December 31 of the tax year which were 1 36 also in the operations on July 1 of the tax year may 1 37 be counted." 1 38 1 39 1 40 1 41 DOLECHECK of Ringgold 1 42 1 43 1 44 1 45 ARNOLD of Lucas 1 46 HF 2572.502 78 1 47 mg/as
Text: H09071 Text: H09073 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Apr 25 03:36:00 CDT 2000
URL: /DOCS/GA/78GA/Legislation/H/09000/H09072/000424.html
jhf