House Journal: Page 1684: Wednesday, April 30, 2003
31 taxpayers, certified public accountants, members of
32 the general public, and other appropriate
33 stakeholders.
34 2. The committee shall study and make
35 recommendations relating to the imposition of new
36 income tax rates, filing threshold, alternative
37 minimum tax, treatment of current exemptions, credits,
38 and deductions. The committee shall also consider
39 alternate sources of revenue for the general fund of
40 the state to replace revenue as a result from general
41 tax relief as provided for in this bill, including but
42 not limited to, sales and use taxes.
43 3. The committee shall submit to the general
44 assembly by January 1, 2004, and January 1, 2005, a
45 report for each of those years resolving issues in
46 subsection 2, and other related issues for
47 implementation of the other provisions in this Act."
48 3. Page 3, line 30, by striking the word "This"
49 and inserting the following: "Except as provided in
50 subsection 3, this".
Page 3
1 4. Page 4, by inserting after line 3 the
2 following;
3 "3. The section of this Act relating to the
4 establishment of the income tax implementation
5 committee, being deemed of immediate importance, takes
6 effect up enactment."
7 5. Title page, line 2, by inserting after the
8 word "brackets" the following: ", increasing the
9 amounts below which the tax in not imposed,
10 establishing an implementation committee,".
Amendment H-1563 was adopted.
Shoultz of Black Hawk asked and received unanimous consent to
withdraw amendment H-1570 filed by him from the floor.
Kurtenbach of Story offered the following amendment H-1576 filed
by him from the floor and moved its adoption:
H-1576
1 Amend House File 701 as follows:
2 1. Page 4, line 2, by striking the words "ending
3 after" and inserting the following: "beginning on or
4 after January 1 following".
© 2003 Cornell College and
League of Women Voters of Iowa
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