Text: H08457                            Text: H08459
Text: H08400 - H08499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

House Amendment 8458

Amendment Text

PAG LIN
  1  1    Amend the amendment, H-8422, to Senate File 2228,
  1  2 as passed by the Senate, as follows:
  1  3    #1.  Page 1, line 14, by inserting after the word
  1  4 "fund" the following:  "shall be transferred as
  1  5 provided in subsection 3A and after such transfer the
  1  6 remaining moneys".
  1  7    #2.  Page 3, by inserting after line 48 the
  1  8 following:
  1  9    "3A.  There shall be transferred from the moneys
  1 10 credited in a fiscal year to the school district sales
  1 11 tax fund to the general fund of the state the amount,
  1 12 as estimated by the legislative fiscal bureau, of lost
  1 13 revenue to the general fund of the state for that
  1 14 fiscal year as a result of the five percent reduction
  1 15 in the individual income tax rates provided in section
  1 16 200 of this Act.  Transfers under this subsection
  1 17 shall be made quarterly."
  1 18    #3.  Page 7, by inserting after line 37 the
  1 19 following:
  1 20    "Sec. 200.  Section 422.5, subsection 1, paragraphs
  1 21 a through i, Code 2001, are amended to read as
  1 22 follows:
  1 23    a.  On all taxable income from zero through one
  1 24 thousand dollars, thirty-six thirty-four hundredths of
  1 25 one percent.
  1 26    b.  On all taxable income exceeding one thousand
  1 27 dollars but not exceeding two thousand dollars,
  1 28 seventy-two sixty-eight hundredths of one percent.
  1 29    c.  On all taxable income exceeding two thousand
  1 30 dollars but not exceeding four thousand dollars, two
  1 31 and forty-three thirty-one hundredths percent.
  1 32    d.  On all taxable income exceeding four thousand
  1 33 dollars but not exceeding nine thousand dollars, four
  1 34 and one-half twenty-eight hundredths percent.
  1 35    e.  On all taxable income exceeding nine thousand
  1 36 dollars but not exceeding fifteen thousand dollars,
  1 37 six five and twelve eighty-one hundredths percent.
  1 38    f.  On all taxable income exceeding fifteen
  1 39 thousand dollars but not exceeding twenty thousand
  1 40 dollars, six and forty-eight sixteen hundredths
  1 41 percent.
  1 42    g.  On all taxable income exceeding twenty thousand
  1 43 dollars but not exceeding thirty thousand dollars, six
  1 44 and eight-tenths forty-six hundredths percent.
  1 45    h.  On all taxable income exceeding thirty thousand
  1 46 dollars but not exceeding forty-five thousand dollars,
  1 47 seven and ninety-two fifty-two hundredths percent.
  1 48    i.  On all taxable income exceeding forty-five
  1 49 thousand dollars, eight and ninety-eight fifty-three
  1 50 hundredths percent."
  2  1    #4.  Page 12, by inserting after line 49 the
  2  2 following:
  2  3    "3.  Section 200 of this Act, amending section
  2  4 422.5, takes effect January 1, 2003, for tax years
  2  5 beginning on or after that date."
  2  6    #5.  Page 13, line 4, by inserting after the word
  2  7 "electorate," the following:  "reducing the individual
  2  8 income tax rates,".  
  2  9 
  2 10 
  2 11                               
  2 12 VAN FOSSEN of Scott
  2 13 
  2 14 
  2 15                               
  2 16 SHEY of Linn 
  2 17 
  2 18 
  2 19                               
  2 20 MILLAGE of Scott 
  2 21 
  2 22 
  2 23                               
  2 24 HOVERSTEN of Woodbury 
  2 25 
  2 26 
  2 27                               
  2 28 CHIODO of Polk 
  2 29 SF 2228.6
  2 30 mg/es/25
     

Text: H08457                            Text: H08459
Text: H08400 - H08499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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