Text: H01905 Text: H01907 Text: H01900 - H01999 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 751 as follows: 1 2 #1. Page 1, by inserting after line 29, the 1 3 following: 1 4 "2A. The aggregate amount of tax credits which may 1 5 be issued for investments in a single qualifying 1 6 business shall not exceed one million dollars. The 1 7 tax credits issued for investments in a particular 1 8 qualifying business shall be issued on the basis of 1 9 the chronological order of receipt by the department 1 10 of economic development of notifications required 1 11 pursuant to section 15E.43, subsection 1." 1 12 #2. Page 3, by striking lines 24 and 25, and 1 13 inserting the following: 1 14 "5. Any consideration received by a transferor 1 15 shall be immediately invested in the qualifying 1 16 business for which the original investment was made. 1 17 The investment of the consideration received by the 1 18 transferor shall not be considered an equity 1 19 investment by the transferor and the transferor shall 1 20 not be eligible to receive a tax credit for the 1 21 investment of the proceeds received from the transfer 1 22 of a tax credit." 1 23 1 24 1 25 1 26 COMMITTEE ON WAYS AND MEANS 1 27 VAN FOSSEN of Scott, Chairperson 1 28 HF 751.302 79 1 29 tm/cf
Text: H01905 Text: H01907 Text: H01900 - H01999 Text: H Index Bills and Amendments: General Index Bill History: General Index
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