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House Journal: Page 1725: Wednesday, May 2, 2001

The nays were, 33:
Boddicker Bukta Connors Cormack
Dotzler Falck Fallon Foege
Ford Frevert Garman Greimann
Hatch Jochum Kreiman Kuhn
Lensing Mascher Murphy Myers
Osterhaus Quirk Reynolds Richardson
Scherrman Schrader Smith Stevens
Taylor, D. Taylor, T. Tremmel Winckler
Witt

 


Absent or not voting, 1:
Shoultz

 


The bill having received a constitutional majority was declared to
have passed the House and the title was agreed to.

IMMEDIATE MESSAGE

Rants of Woodbury asked and received unanimous consent that
House File 714 be immediately messaged to the Senate.

House File 708, a bill for an act establishing a small business
growth initiative by adjusting the allocation to Iowa of income earned
by an S corporation for purposes of the state individual income tax
and including a retroactive applicability date provision, was taken up
for consideration.

Larson of Linn offered the following amendment H-1761 filed by
him and moved its adoption:

H-1761

1 Amend House File 708 as follows:
2 1. Page 1, by striking lines 10 through 12 and
3 inserting the following:
4 "Sec. . EFFECTIVE AND RETROACTIVE APPLICABILITY
5 PROVISION. This Act takes effect only if the revenue
6 estimating conference estimates that, as a result of
7 the enactment of federal income tax legislation prior
8 to January 1, 2002, Iowa income tax receipts for the
9 fiscal year beginning July 1, 2001, will be increased
10 by $7.9 million or more over the amount of Iowa income
11 tax receipts which would have been realized in the
12 absence of the enactment of such federal income tax
13 legislation. If this Act takes effect, this Act


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