House Journal: Page 1454: Tuesday, April 24, 2001
31 required to file an Iowa corporate income tax return,
32 the department of economic development shall require
33 that the cooperative submit a list of its members and
34 the share of each member's interest in the
35 cooperative. The department shall issue a tax credit
36 certificate to each member contained on the submitted
37 list."
38 2. Title page, line 1, by striking the words "the
39 sale of".
Shoultz of Black Hawk offered the following amendment H-1669,
to amendment H-1654, filed by him from the floor and moved its
adoption:
H-1669
1 Amend the amendment, H-1654, to House File 716, as
2 follows:
3 1. Page 1, by striking line 2, and inserting the
4 following:
5 " . By striking everything after the enacting
6 clause and inserting the".
7 2. Page 2, by striking lines 38 and 39, and
8 inserting the following:
9 " . Title page, by striking lines 1 through 3,
10 and inserting the following: "An Act providing for
11 taxes relating to ethanol.""
Amendment H-1669 lost.
On motion by Teig of Hamilton amendment H-1654 was adopted.
Richardson of Warren offered the following amendment H-1661
filed by him from the floor and moved its adoption:
H-1661
1 Amend House File 716 as follows:
2 1. Page 2, by inserting after line 21 the
3 following:
4 " . The tax savings received by the retail
5 dealer as a result of the tax credit received under
6 this section shall be passed on to the consumer of
7 ethanol blended gasoline by means of a reduction in
8 the retail price of such gasoline. If the retail
9 dealer is a partnership, limited liability company, S
10 corporation, estate, or trust electing to have the
11 income taxed directly to its partners, members,
12 shareholders, or beneficiaries, the retail dealer
© 2001 Cornell College and
League of Women Voters of Iowa
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