Senate Journal: Page 1353: Thursday, April 26, 2001

  CONSIDERATION OF BILL
  (Ways and Means Calendar)

  Senator Iverson asked and received unanimous consent to take up
  for consideration Senate File 521.

  Senate File 521

  On motion of Senator McKibben, Senate File 521, a bill for an act
  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,
  was taken up for consideration.

  President Kramer took the chair at 8:20 p.m.

  Senator McKibben offered amendment S-3537, filed by him from
  the floor to pages 4 and 5 of the bill, and moved its adoption.

  Amendment S-3537 was adopted by a voice vote.

  Senator McKibben offered amendment S-3442, filed by him on
  April 23, 2001, to page 5 of the bill.

  Senator McKibben withdrew amendment S-3442.

  With the withdrawal of amendment S-3442, the Chair ruled
  amendment S-3541, filed by Senator Fiegen from the floor to page 1
  of amendment S-3442, out of order.

  Senator McKibben moved that the bill be read the last time now
  and placed upon its passage, which motion prevailed by a voice vote,
  and the bill was read the last time.

  On the question "Shall the bill pass?" (S.F. 521), the vote was:

© 2001 Cornell College and League of Women Voters of Iowa

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