Text: H01402 Text: H01404 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 679 as follows: 1 2 #1. Page 4, by inserting after line 20 the 1 3 following: 1 4 "Sec. . NEW SECTION. 15A.10 JOB RETENTION 1 5 AGREEMENTS. 1 6 1. In order to encourage the retention of existing 1 7 jobs and income that would otherwise be lost, and to 1 8 encourage large employers to remain in the state, an 1 9 agreement under section 260E.3 may include a provision 1 10 to provide training or retraining to existing 1 11 employees. Such an agreement shall provide for the 1 12 following: 1 13 a. That the employer must be a person that 1 14 currently employs at one place of business at least 1 15 one thousand workers. 1 16 b. That the employer shall make an investment of 1 17 at least ten million dollars to retool the workplace 1 18 and shall make a commitment that the employer shall 1 19 not move the business operation out of this state or 1 20 close the business operation until any certificates 1 21 issued pursuant to section 260E.6 are repaid. 1 22 c. That the project shall be administered in the 1 23 same manner as a project under chapter 260E, and may 1 24 include supplemental new jobs credit from withholding 1 25 in the same manner as a project under section 15A.7. 1 26 d. That the new jobs credit from withholding and 1 27 the supplemental new jobs credit from withholding 1 28 shall be collected, accounted for, and may be pledged 1 29 by the community college in the same manner as 1 30 described in section 260E.5. 1 31 e. To provide funds for the payment of the costs 1 32 of the project, a community college may borrow money, 1 33 issue and sell certificates, and secure the payment of 1 34 the certificates in the same manner as described in 1 35 section 260E.6, including, but not limited to, 1 36 providing the assessment of an annual levy as 1 37 described in section 260E.6, subsection 4. The 1 38 program and credits authorized by this section are in 1 39 addition to, and not in lieu of, the program and 1 40 credit authorized in chapter 260E. 1 41 2. A job retention agreement entered into pursuant 1 42 to this section must be approved by the board of 1 43 trustees for the applicable community college. The 1 44 department of economic development shall review the 1 45 approval by the community college and must also 1 46 approve the agreement. 1 47 3. This section is repealed June 30, 2008." 1 48 #2. Title page, by striking lines 1 and 2 and 1 49 inserting the following: "An Act relating to economic 1 50 development by modifying the new jobs and income 2 1 program, providing for job retention agreements, and 2 2 providing a tax credit." 2 3 #3. By renumbering as necessary. 2 4 2 5 2 6 2 7 EICHHORN of Hamilton 2 8 2 9 2 10 2 11 MILLER of Webster 2 12 HF 679.702 80 2 13 tm/cl
Text: H01402 Text: H01404 Text: H01400 - H01499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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