House Journal: Page 1861: Wednesday, April 26, 2000
On motion by Rants of Woodbury, the House was recessed at 11:55
a.m., until 1:00 p.m.
AFTERNOON SESSION
The House reconvened at 1:28 p.m., Speaker Siegrist in the chair.
QUORUM CALL
A non-record roll call was requested to determine that a quorum
was present. The vote revealed fifty-two members present, forty-
eight absent.
SENATE AMENDMENT CONSIDERED
Jager of Black Hawk called up for consideration House File 2560,
a bill for an act providing an individual and corporate income tax
credit for the rehabilitation of certain eligible commercial and resi-
dential property and barns, an alternative method for computing the
individual and corporate income tax credit for increasing research
and development, an assistive device tax credit under the individual
and corporate taxes for assisting persons with a disability in the
workplace, and an increase in the deduction for pension and retire-
ment income for income tax purposes, and including applicability
dates, amended by the Senate amendment H-9094 as follows:
H-9094
1 Amend House File 2560, as amended, passed, and
2 reprinted by the House, as follows:
3 1. Page 4, line 27, by inserting after the word
4 "credit" the following: ", subject to the
5 availability of the credit,".
6 2. Page 4, by striking lines 31 and 32 and
7 inserting the following: "credits in excess of tax
8 liabilities shall be refunded as provided in section
9 404A.4, subsection 3."
10 3. Page 5, by striking lines 28 through 31 and
11 inserting the following: "the project completion
12 date.
13 For purposes of this chapter, qualified
14 rehabilitation costs include amounts if they are
15 properly includable in computing the basis for tax
16 purposes of the eligible property. Amounts treated as
17 an expense and deducted in the tax year in which they
© 2000 Cornell College and
League of Women Voters of Iowa
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