House Journal: Page 1757: Thursday, May 1, 2003
19 contributions or earnings held by the trust.
20 Sec. . Section 12D.9, subsection 1, paragraph
21 f, Code 2003, is amended by striking the paragraph.
22 Sec. . Section 12D.9, subsection 2, Code 2003,
23 is amended to read as follows:
24 2. State income tax treatment of the Iowa
25 educational savings plan trust shall be as provided in
26 section 422.7, subsections 32, and 33, and 34, and
27 section 422.35, subsection 14.
28 Sec. . Section 12D.10, subsection 1, Code 2003,
29 is amended to read as follows:
30 1. The assets of the trust, including the program
31 fund and the endowment fund, shall at all times be
32 preserved, invested, and expended solely and only for
33 the purposes of the trust and shall be held in trust
34 for the participants and beneficiaries.
35 Sec. . Section 422.7, subsection 34, Code 2003,
36 is amended by striking the subsection.
37 Sec. . Section 422.35, subsection 14, Code
38 2003, is amended by striking the subsection."
39 2. Page 46, by inserting after line 13 the
40 following:
41 " . The amendments to sections 12D.1, 12D.2,
42 12D.3, 12D.4, 12D.5, 12D.6, 12D.9, 12D.10, 422.7, and
43 422.35, which shall apply retroactively to January 1,
44 2003, for tax years beginning on or after that date."
Kramer of Polk rose on a point of order that amendment H-1605
was not germane.
The Speaker ruled the point well taken and amendment H-1605
not germane.
Elgin of Linn asked and received unanimous consent to withdraw
amendment H-1600, previously deferred, filed by him from the floor,
placing out of order the following amendments to amendment
H-1600, filed from the floor:
Amendment H-1606 filed by Hogg of Linn.
Amendment H-1607 filed by Hogg of Linn.
Amendment H-1609 filed by Hogg of Linn.
Amendment H-1610 filed by Mertz of Kossuth.
Gipp of Winneshiek asked and received unanimous consent that
House File 700 be deferred and that the bill retain its place on the
calendar.
The House stood at ease at 3:47 p.m., until the fall of the gavel.
© 2003 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Aug 19 10:25:00 CDT 2003
URL: /DOCS/GA/80GA/Session.1/HJournal/01700/01757.html
jhf