Text: HSB00262                          Text: HSB00264
Text: HSB00200 - HSB00299               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 263

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.121, Code 1999, is amended to read
  1  2 as follows:
  1  3    422.121  APPROPRIATION – LIMITATION.
  1  4    Beginning with For the fiscal year years beginning July 1,
  1  5 1997, and July 1, 1998, there is appropriated annually from
  1  6 the general fund of the state two million dollars to refund
  1  7 the credits allowed under this division.  For the fiscal year
  1  8 beginning July 1, 1999, and each subsequent fiscal year, there
  1  9 is appropriated annually from the general fund of the state
  1 10 four million dollars to refund the credits allowed under this
  1 11 division.  Notwithstanding section 422.120, for tax years
  1 12 beginning on or after January 1, 1997, the livestock
  1 13 production tax credit shall only be allowed for cow-calf
  1 14 operations.  
  1 15                           EXPLANATION
  1 16    The bill increases from $2 million to $4 million the amount
  1 17 that is appropriated annually to provide the tax refunds under
  1 18 the livestock production tax credit.  The increase in
  1 19 appropriation begins with the 1999-2000 fiscal year.  
  1 20 LSB 3401HC 78
  1 21 mg/sc/14
     

Text: HSB00262                          Text: HSB00264
Text: HSB00200 - HSB00299               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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