House Journal: Page 2144 (S.S. Page 36): Tuesday, May 28, 2002
recognize that ACE programs allow education and business entities to provide students
with valuable education curriculum designed to meet the needs of specific industry
sectors. I support the expansion of these programs, however, it should not be
accomplished through the elimination of other vital economic development tools. I look
forward to working with the legislature to identify opportunities to increase funding for
ACE programs in the next legislative session.
I am unable approve Sections 231 and 232. These sections are designed to
eliminate the New Jobs Tax Credit for businesses to raise the cap for tax credits for the
Accelerated Career Education programs at community colleges. Sections 231 and 232
would eliminate a valuable tool used by communities and developers to encourage
business growth and expansion. The elimination of the New Jobs Tax Credit would
adversely affect the economic development packages of many communities.
For the above reasons, I respectfully disapprove these items in accordance with
Amendment IV of the Amendments of 1968 to the Constitution of the State of Iowa.
All other items in House File 2627 are hereby approved as of this date.
Sincerely,
Thomas J. Vilsack
Governor
© 2002 Cornell College and
League of Women Voters of Iowa
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