House Journal: Page 1693: Thursday, April 20, 2000
24 7. Page 3, by striking lines 4 through 7 and
25 inserting the following: "appropriation under
26 sections 303.27 through 303.32.
27 The selection standards shall provide that a person
28 who qualifies for the rehabilitation tax credit under
29 section 47 of the Internal Revenue Code shall
30 automatically qualify for the state property
31 rehabilitation tax credit under this chapter."
32 8. Page 3, line 12, by striking the words
33 "department of economic development" and inserting the
34 following: "state historical preservation office of
35 the department of cultural affairs".
36 9. Page 3, line 17, by striking the word
37 "department" and inserting the following: "state
38 historical preservation office".
39 10. Page 4, line 4, by striking the words
40 "economic development" and inserting the following:
41 "cultural affairs".
Amendment H-8909 was adopted.
Richardson of Warren moved the adoption of amendment H-
8807C.
Amendment H-8807C lost.
Richardson of Warren offered the following amendment H-9040
filed by him from the floor and moved its adoption:
H-9040
1 Amend House File 2560 as follows:
2 1. Page 3, line 15, by inserting after the word
3 "date." the following: "The total amount of tax
4 credits that may be approved pursuant to this chapter
5 shall not exceed two million dollars in a fiscal year.
6 If the total of the tax credits for all rehabilitation
7 projects that qualify for tax credits exceeds two
8 million dollars in a fiscal year, the department shall
9 grant the tax credits on a pro rata basis so that the
10 total amount of tax credits approved for the fiscal
11 year does not exceed two million dollars."
Amendment H-9040 lost.
Richardson of Warren asked and received unanimous consent to
withdraw amendment H-8807D.
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League of Women Voters of Iowa
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