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House Journal: Page 348: Thursday, February 14, 2002

Read first time and referred to committee on judiciary.

SPECIAL PRESENTATION

Rekow of Allamakee introduced to the House, wildlife artist Ed M.
Lawrence accompanied by his wife Chris from McGregor. He briefly
spoke about his portrait entitled "Determination" which is being sold
and the proceeds are donated to the Red Cross for "Operation:
Support Our Troops". He presented print number twenty-nine,
symbolizing Iowa being the twenty-ninth state admitted into the
union, to the Speaker of the House.

The House rose and expressed its welcome.

CONSIDERATION OF BILLS
Ways and Means Calendar

House File 2271, a bill for an act creating a tax credit for
investments in qualifying businesses and community-based seed
capital funds and including effective and retroactive applicability
date provisions, was taken up for consideration.

Shoultz of Black Hawk offered the following amendment H-8049
filed by Shoultz, Jochum of Dubuque and Osterhaus of Jackson and
moved its adoption:

H-8049

1 Amend House File 2271 as follows:
2 1. Page 1, line 6, by striking the word "high-
3 skilled" and inserting the following: "high-paid".

Amendment H-8049 was adopted.

Teig of Hamilton offered amendment H-8052 filed by him as
follows:

H-8052

1 Amend House File 2271 as follows:
2 1. Page 1, by striking lines 23 through 26 and
3 inserting the following: "in a qualifying business or
4 a person making a cash investment in a community-based
5 seed capital fund. "Investor" does not include a
6 person which is an owner, member, or shareholder in a


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