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House Journal: Page 1726: Wednesday, May 2, 2001

14 applies retroactively to January 1, 2001, for tax
15 years beginning on or after that date."
16 2. Title page, line 4, by striking the word "a"
17 and inserting the following: "an effective and".

Amendment H-1761 was adopted.

SENATE FILE 516 SUBSTITUTED FOR HOUSE FILE 708

Larson of Linn asked and received unanimous consent to
substitute Senate File 516 for House File 708.

Senate File 516, 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 an effective and retroactive applicability date provision,
was taken up for consideration.

Grundberg of Polk asked and received unanimous consent to
withdraw amendment H-1794 filed by her on April 30, 2001.

Kreiman of Davis asked and received unanimous consent to
withdraw amendment H-1845 filed by him on May 1, 2001.

Larson of Linn offered the following amendment H-1902 filed by
him from the floor and moved its adoption:

H-1902

1 Amend Senate File 516, as amended, passed, and
2 reprinted by the Senate, as follows:
3 1. Page 1, line 10, by striking the word
4 "RETROACTIVE".
5 2. Page 1, by striking lines 19 and 20, and
6 inserting the following: "applies to tax years
7 beginning on or after January 1, 2002."
8 3. Title page, line 4, by striking the word
9 "retroactive".

Amendment H-1902 was adopted.

Richardson of Warren asked and received unanimous consent to
withdraw amendment H-1835 filed by him on May 1, 2001, placing
amendment H-1836 filed by Richardson of Warren on May 1, 2001,
out of order.


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