House Journal: Page 1685: Thursday, April 20, 2000
19 amount of tax credits that may be approved for a
20 fiscal year under this subsection and section 422.11D
21 shall not exceed five hundred thousand dollars. Tax
22 credit certificates shall be issued on an earliest
23 filed basis. The certification shall contain the
24 taxpayer's name, address, tax identification number,
25 the amount of the credit, and tax year for which the
26 certificate applies. The taxpayer must file the tax
27 credit certificate with the taxpayer's corporate
28 income tax return in order to claim the tax credit.
29 The departments of economic development and revenue
30 and finance shall each adopt rules to jointly
31 administer this subsection and shall provide by rule
32 for the method to be used to determine for which
33 fiscal year the tax credits are approved.
34 c. For purposes of this subsection:
35 (1) "Assistive device" means any item, piece of
36 equipment, or product system which is used to
37 increase, maintain, or improve the functional
38 capabilities of an individual with a disability in the
39 workplace or on the job. "Assistive device" does not
40 mean any medical device, surgical device, or organ
41 implanted or transplanted into or attached directly to
42 an individual. "Assistive device" does not include
43 any device for which a certificate of title is issued
44 by the state department of transportation, but does
45 include any item, piece of equipment, or product
46 system otherwise meeting the definition of "assistive
47 device" that is incorporated, attached, or included as
48 a modification in or to such a device issued a
49 certificate of title.
50 (2) "Disability" means the same as defined in
Page 4
1 section 225C.46.
2 (3) "Small business" means a business that either
3 had gross receipts for its preceding tax year of three
4 million dollars or less or employed not more than
5 fourteen full-time employees during its preceding tax
6 year.
7 (4) "Workplace modifications" means physical
8 alterations to the work environment.""
9 3. Page 7, line 24, by striking the word and
10 figure "and 105" and inserting the following: "200,
11 105, and 201".
12 4. Page 7, line 31 by inserting after the word
13 "development," the following: "an assistive device
14 tax credit under the individual and corporate taxes
15 for assisting persons with a disability in the
16 workplace,".
© 2000 Cornell College and
League of Women Voters of Iowa
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