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Previous Page: 96Today's Journal Page

Senate Journal: Page 97: Thursday, January 24, 2002

QUORUM CALL

Senator Houser requested a nonrecord roll call to determine that a
quorum was present.

The vote revealed 35 present, 14 absent, and a quorum present.

SPECIAL GUESTS

Senator Gaskill introduced 2002 Iowa Pork Queen Dawn Kruger
from Wesley, Iowa. Miss Kruger was accompanied by her parents,
Dennis and Deb Kruger, and addressed the Senate with brief
remarks.

IMMEDIATELY MESSAGED

Senator Iverson asked and received unanimous consent that
Senate File 2018 be immediately messaged to the House.

CONSIDERATION OF BILL
(Ways and Means Calendar)

Senator Iverson asked and received unanimous consent to take up
for consideration Senate File 2025.

Senate File 2025

On motion of Senator McKibben, Senate File 2025, a bill for an
act relating to economic stimulus measures for businesses by creating
an Iowa capital investment board, authorizing the organization of an
Iowa capital investment corporation and an Iowa fund of funds, and
authorizing the issuance of contingent tax credits to investors in the
Iowa fund of funds; 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, and limiting the fiscal impact of
the partial deductions; establishing a small business growth initiative
by adjusting the allocation to Iowa of income earned by an S
corporation for purposes of the state individual income tax; and


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