Text: S05562 Text: S05564 Text: S05500 - S05599 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2560, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 4, by inserting after line 24 the 1 4 following: 1 5 "Sec. . NEW SECTION. 296.8 TAX EXEMPTION. 1 6 Any bonds or notes issued by a school district for 1 7 school infrastructure purposes shall be exempt from 1 8 taxation by this state and the interest on the bonds 1 9 or notes shall be exempt from state income tax. For 1 10 the purposes of this section, school infrastructure 1 11 purposes shall refer to the purposes specified in 1 12 section 296.1." 1 13 #2. Page 9, by inserting after line 7 the 1 14 following: 1 15 "Sec. . Section 422.7, Code 1999, is amended by 1 16 adding the following new subsection: 1 17 NEW SUBSECTION. 35. Subtract interest earned on 1 18 bonds and notes issued by a school district for school 1 19 infrastructure purposes as provided in section 296.8." 1 20 #3. Title page, line 7, by inserting after the 1 21 word "and" the following: "an exemption for bonds 1 22 issued for school infrastructure purposes and". 1 23 1 24 1 25 1 26 KITTY REHBERG 1 27 STEVE KING 1 28 LARRY McKIBBEN 1 29 HF 2560.710 78 1 30 mg/cls
Text: S05562 Text: S05564 Text: S05500 - S05599 Text: S Index Bills and Amendments: General Index Bill History: General Index
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