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of the state individual income tax and including a retroactive applicability date provision. SSB 1253 Ways and Means Establishing an interstate distribution center initiative by identifying an activity of a foreign corporation which does not constitute doing business in or deriving income from sources within the state and for which a return is not required for state income tax purposes and including effective and retroactive applicability date provisions. SSB 1254 Ways and Means Establishing a new economy employment initiative by providing for a partial deduction under the individual income tax for the capital gain from the sale or exchange of capital stock of a corporation which was acquired by an individual on account of employment with the corporation, limiting the fiscal impact of the partial deductions, and including an effective and retroactive applicability date provision. SSB 1255 Ways and Means Relating to a community renewal initiative by establishing a community development program to provide tax credits for income tax, franchise tax, and premiums tax for businesses contributing to community development projects to aid certain neighborhoods and communities or contributing to child care benefits for employees and including effective and applicability date provisions. SUBCOMMITTEE ASSIGNMENTS House File 458 JUDICIARY: Boettger, Chair; Angelo and Hansen House File 518 JUDICIARY: Miller, Chair; Holveck and McKean House File 550 JUDICIARY: Angelo, Chair; Horn and Miller
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