House Journal: Page 1740: Wednesday, May 2, 2001
Ways and Means Calendar
House File 416, a bill for an act updating the Iowa Code
references to the Internal Revenue Code, increasing the minimum
filing income requirement for dependents, lowering the threshold
amount for making estimated payments for corporations and
financial institutions, increasing the estimated tax payment standard
for assessing a penalty for corporations and financial institutions, and
providing retroactive applicability dates and an effective date, was
taken up for consideration.
SENATE FILE 140 SUBSTITUTED FOR HOUSE FILE 416
Eichhorn of Hamilton asked and received unanimous consent to
substitute Senate File 140 for House File 416, placing amendment H-
1156 filed by Jochum of Dubuque on March 2, 2001 and amendment
H-1344 filed by Alons of Sioux and Eichhorn of Hamilton on March
26, 2001, out of order.
Senate File 140, a bill for an act updating the Iowa Code
references to the Internal Revenue Code, increasing the minimum
filing income requirement for dependents, lowering the threshold
amount for making estimated payments for corporations and
financial institutions, increasing the estimated tax payment standard
for assessing a penalty for corporations and financial institutions, and
providing retroactive applicability dates and an effective date, was
taken up for consideration.
Eichhorn of Hamilton offered the following amendment H-1909
filed by him from the floor and moved its adoption:
H-1909
1 Amend Senate File 140, as follows:
2 1. Page 1, by inserting after line 30 the
3 following:
4 "Sec. 4A. Section 422.7, Code 2001, is amended by
5 adding the following new subsection:
6 NEW SUBSECTION. 36. Notwithstanding the method
7 for computing income from an installment sale under
8 section 453 of the Internal Revenue Code, as defined
9 in section 422.3, the method to be used in computing
10 income from an installment sale shall be the method
© 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/01700/01740.html
jhf