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House Amendment 8006

Amendment Text

PAG LIN
  1  1    Amend House File 2078 as follows:
  1  2    #1.  Page 1, line 34, by striking the word "five"
  1  3 and inserting the following:  "three".
  1  4    #2.  Page 2, by striking lines 1 through 7 and
  1  5 inserting the following:
  1  6    "b.  The investment of resources from the Iowa fund
  1  7 of funds in Iowa businesses within three years of the
  1  8 effective date of this Act.
  1  9    c.  A cumulative rate of return on venture
  1 10 investments of the Iowa fund of funds equal to a
  1 11 minimum of one and one-half percentage points above
  1 12 the ten-year treasury bill rate in effect at the end
  1 13 of five years following the effective date of this
  1 14 Act."
  1 15    #3.  Page 4, line 4, by striking the words "and
  1 16 investments made by".
  1 17    #4.  Page 4, line 34, by inserting after the word
  1 18 "year." the following:  "The board shall indicate on
  1 19 the tax certificate the principal amount of the tax
  1 20 credit and the taxable year or years for which the
  1 21 credit may be claimed."
  1 22    #5.  Page 11, by inserting after line 29 the
  1 23 following:
  1 24    "i.  Upon the liquidation of the Iowa fund of
  1 25 funds, the Iowa capital investment corporation shall
  1 26 file a report with the general assembly stating how
  1 27 many jobs in this state were created through
  1 28 investments made by the Iowa fund of funds."
  1 29    #6.  Page 13, line 29, by inserting after the word
  1 30 "year." the following:  "The board shall indicate on
  1 31 the tax certificate the principal amount of the tax
  1 32 credit and the taxable year or years for which the
  1 33 credit may be claimed." 
  1 34 
  1 35 
  1 36                               
  1 37 TEIG of Hamilton
  1 38 HF 2078.201 79
  1 39 tm/sh
     

Text: H08005                            Text: H08007
Text: H08000 - H08099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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