Text: S03610 Text: S03612 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 140, as follows:
1 2 #1. Page 1, by inserting after line 30 the
1 3 following:
1 4 "Sec. 4A. Section 422.7, Code 2001, is amended by
1 5 adding the following new subsection:
1 6 NEW SUBSECTION. 36. Notwithstanding the method
1 7 for computing income from an installment sale under
1 8 section 453 of the Internal Revenue Code, as defined
1 9 in section 422.3, the method to be used in computing
1 10 income from an installment sale shall be the method
1 11 under section 453 of the Internal Revenue Code, as
1 12 amended up to and including January 1, 2000. A
1 13 taxpayer affected by this subsection shall make
1 14 adjustments in the adjusted gross income pursuant to
1 15 rules adopted by the director."
1 16 #2. By striking page 2, line 22, through page 4,
1 17 line 18.
1 18 #3. Page 4, line 20, by inserting after the word
1 19 "through" the following: "4A,".
1 20 #4. Page 4, by striking line 23 and inserting the
1 21 following:
1 22 "2. Section 6 of this Act applies".
1 23 #5. Title page, by striking lines 3 and 4 and
1 24 inserting the following: "dependents,".
1 25 #6. By renumbering, relettering, or redesignating
1 26 and correcting internal references as necessary.
1 27 SF 140H
1 28 sc/es/25
Text: S03610 Text: S03612 Text: S03600 - S03699 Text: S Index Bills and Amendments: General Index Bill History: General Index
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