Text: HF02469 Text: HF02471 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. STUDY OF FUNDING SOURCES. By December 15,
1 2 2004, the department of economic development and the
1 3 department of revenue shall file a joint report with the
1 4 governor and the general assembly identifying a permanent
1 5 funding source for the grow Iowa values fund that does not
1 6 have a negative impact on economic growth in the state and is
1 7 revenue neutral. The report shall identify a permanent
1 8 funding source that would allow the deposit of at least
1 9 seventy-five million dollars in the grow Iowa values fund each
1 10 fiscal year during the fiscal period beginning July 1, 2005,
1 11 and ending June 30, 2010. The permanent funding source shall
1 12 not include the utilization of an increase in the tax rate for
1 13 income and sales and use taxes.
1 14 EXPLANATION
1 15 This Act relates to a study identifying a permanent funding
1 16 source for the grow Iowa values fund.
1 17 The bill requires, by December 15, 2004, the department of
1 18 economic development and the department of revenue to file a
1 19 joint report with the governor and the general assembly
1 20 identifying a permanent funding source for the grow Iowa
1 21 values fund that does not have a negative impact on economic
1 22 growth in the state and is revenue neutral. The bill provides
1 23 that the report shall identify a permanent funding source that
1 24 would allow the deposit of at least $75 million in the grow
1 25 Iowa values fund each year during the fiscal period beginning
1 26 July 1, 2005, and ending June 30, 2010. The bill provides
1 27 that the permanent funding source shall not include the
1 28 utilization of an increase in the tax rate for income and
1 29 sales and use taxes.
1 30 LSB 6412HV 80
1 31 tm/sh/8
Text: HF02469 Text: HF02471 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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