House Journal: Page 1306: Wednesday, April 23, 2003
Upmeyer of Hancock asked and received unanimous consent to
withdraw House File 596 from further consideration by the House.
Ways and Means Calendar
House File 668, a bill for an act creating a university-based
research utilization program, providing tax credits, and making
appropriations, was taken up for consideration.
Jenkins of Black Hawk offered the amendment H-1400 filed by
him as follows:
H-1400
1 Amend House File 668 as follows:
2 1. Page 1, line 33, by inserting after the word
3 "department." the following: "The plan shall include
4 information concerning the applicant's Iowa employment
5 goals and projected impact on the Iowa economy. The
6 department shall only approve plans showing sufficient
7 potential impact on Iowa employment and economic
8 development."
9 2. Page 1, by inserting after line 35 the
10 following:
11 "d. The applicant provides annual reports to the
12 department that include employment statistics for the
13 applicant and the total taxable wages paid to Iowa
14 employees and reported to the department of revenue
15 and finance pursuant to section 422.16."
16 3. By striking page 2, line 34, through page 3,
17 line 14, and inserting the following:
18 "a. Review the information provided by the
19 department of revenue and finance pursuant to this
20 subsection and the annual report submitted by the
21 applicant pursuant to subsection 2, paragraph "d". If
22 the department determines that the business activities
23 of the applicant are not providing the benefits to
24 Iowa employment and economic development projected in
25 the applicant's approved five-year business plan, the
26 department shall not issue tax credit certificates for
27 that year to the applicant or university employee and
28 shall determine any related university share to be
29 equal to zero for that year.
30 b. Effective for the fiscal year beginning July 1,
31 2004, and for subsequent fiscal years, issue a tax
32 credit certificate to the approved business and the
33 university employee responsible for the development of
34 the technology utilized by the approved business in an
35 amount determined pursuant to subsection 5."
© 2003 Cornell College and
League of Women Voters of Iowa
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Last update: Fri Aug 8 12:00:00 CDT 2003
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