Text: H01399 Text: H01401 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 668 as follows: 1 2 #1. Page 1, line 33, by inserting after the word 1 3 "department." the following: "The plan shall include 1 4 information concerning the applicant's Iowa employment 1 5 goals and projected impact on the Iowa economy. The 1 6 department shall only approve plans showing sufficient 1 7 potential impact on Iowa employment and economic 1 8 development." 1 9 #2. Page 1, by inserting after line 35 the 1 10 following: 1 11 "d. The applicant provides annual reports to the 1 12 department that include employment statistics for the 1 13 applicant and the total taxable wages paid to Iowa 1 14 employees and reported to the department of revenue 1 15 and finance pursuant to section 422.16." 1 16 #3. By striking page 2, line 34, through page 3, 1 17 line 14, and inserting the following: 1 18 "a. Review the information provided by the 1 19 department of revenue and finance pursuant to this 1 20 subsection and the annual report submitted by the 1 21 applicant pursuant to subsection 2, paragraph "d". If 1 22 the department determines that the business activities 1 23 of the applicant are not providing the benefits to 1 24 Iowa employment and economic development projected in 1 25 the applicant's approved five-year business plan, the 1 26 department shall not issue tax credit certificates for 1 27 that year to the applicant or university employee and 1 28 shall determine any related university share to be 1 29 equal to zero for that year. 1 30 b. Effective for the fiscal year beginning July 1, 1 31 2004, and for subsequent fiscal years, issue a tax 1 32 credit certificate to the approved business and the 1 33 university employee responsible for the development of 1 34 the technology utilized by the approved business in an 1 35 amount determined pursuant to subsection 5." 1 36 #4. Page 3, line 15, by striking the letter "b." 1 37 and inserting the following: "c." 1 38 #5. Page 3, line 19, by inserting after the word 1 39 "developed." the following: "A university share shall 1 40 not exceed two hundred twenty-five thousand dollars 1 41 per year per technology utilized. For each technology 1 42 utilized, the aggregate university share over a five- 1 43 year period shall not exceed six hundred thousand 1 44 dollars." 1 45 #6. Page 3, line 32, by inserting after the word 1 46 "business." the following: "The value of a 1 47 certificate issued to an approved business shall not 1 48 exceed two hundred twenty-five thousand dollars. The 1 49 total aggregate value of certificates issued over a 1 50 five-year period to an approved business shall not 2 1 exceed six hundred thousand dollars." 2 2 #7. Page 4, line 6, by inserting after the word 2 3 "technology." the following: "Each year, the total 2 4 value of a certificate or certificates issued for a 2 5 utilized technology shall not exceed seventy-five 2 6 thousand dollars. For each technology utilized, the 2 7 total aggregate value of certificates issued over a 2 8 five-year period to the university employee 2 9 responsible for the development of the technology 2 10 shall not exceed two hundred thousand dollars." 2 11 2 12 2 13 2 14 JENKINS of Black Hawk 2 15 HF 668.501 80 2 16 tm/pj
Text: H01399 Text: H01401 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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