House Journal: Page 1723: Wednesday, May 2, 2001
9 4. Page 1, line 15, by striking the word
10 "income".
Amendment H-1841 lost.
On motion by Sukup of Franklin amendment H-1753 was adopted.
Sukup of Franklin offered the following amendment H-1799 filed
by him and moved its adoption:
H-1799
1 Amend House File 714 as follows:
2 1. Page 9, by inserting after line 10, the
3 following:
4 "If the business meets the criteria for
5 eligibility, the department of economic development
6 shall issue to the business a certification of
7 entitlement for the community development tax credit
8 or child care center tax credit. The certification
9 shall contain the name of the business, address, tax
10 identification number, the amount of the credit, the
11 tax year for which the certificate applies, and any
12 other information required by the department of
13 revenue and finance."
14 2. Page 11, by inserting after line 29, the
15 following:
16 "If the community development tax credit or child
17 care center tax credit is taken on the tax return, a
18 deduction shall not be allowed for Iowa tax purposes
19 for contributions made to a community development
20 project or expenditures for providing child care
21 employee benefits which are deductible for federal tax
22 purposes."
23 3. Page 12, by inserting after line 3, the
24 following:
25 "If the community development tax credit or child
26 care center tax credit is taken on the tax return, a
27 deduction shall not be allowed for Iowa tax purposes
28 for contributions made to a community development
29 project or expenditures for providing child care
30 employee benefits which are deductible for federal tax
31 purposes."
32 4. Page 12, by inserting after line 12, the
33 following:
34 "If the community development tax credit or child
35 care center tax credit is taken on the tax return, a
36 deduction shall not be allowed for Iowa tax purposes
37 for contributions made to a community development
38 project or expenditures for providing child care
© 2001 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu May 3 13:35:00 CDT 2001
URL: /DOCS/GA/79GA/Session.1/HJournal/01700/01723.html
jhf