House Journal: Page 2126: Tuesday, June 3, 2003
Page 17
1 REHABILITATION PROJECT TAX CREDITS
2 Sec. . Section 404A.4, subsection 4, Code 2003,
3 is amended to read as follows:
4 4. The total amount of tax credits that may be
5 approved for a fiscal year under this chapter shall
6 not exceed two million four hundred thousand dollars.
7 For the fiscal years beginning July 1, 2005, and July
8 1, 2006, an additional five hundred thousand dollars
9 of tax credits may be approved each fiscal year for
10 purposes of projects located in cultural and
11 entertainment districts certified pursuant to section
12 303.3B, if enacted by 2003 Iowa Acts, House File 692
13 or another Act. Any of the additional tax credits
14 allocated for projects located in certified cultural
15 and entertainment districts that are not approved
16 during a fiscal year may be carried over to the
17 succeeding fiscal year. Tax credit certificates shall
18 be issued on the basis of the earliest awarding of
19 certifications of completion as provided in subsection
20 1. The departments of economic development and
21 revenue and finance shall each adopt rules to jointly
22 administer this subsection and shall provide by rule
23 for the method to be used to determine for which
24 fiscal year the tax credits are approved."
25 10. Page 44, by striking lines 10 through 12 and
26 inserting the following: "rebuild Iowa infrastructure
27 fund to the secure an advanced vision for education
28 fund created in section 422E.3A, for".
29 11. Page 44, by striking lines 23 through 25 and
30 inserting the following: "streamlined sales and use
31 tax agreement to the secure an advanced vision for
32 education fund created in section 422E.3A, the".
33 12. By striking page 155, line 14, through page
34 161, line 17.
35 13. Page 161, by inserting before line 18 the
36 following:
37 "DIVISION __
38 CAPITOL COMPLEX PARKING STRUCTURE
39 Sec. . NEW SECTION. 18A.8 CAPITOL COMPLEX
40 PARKING STRUCTURE REVOLVING FUND.
41 A capitol complex parking structure revolving fund
42 is created in the state treasury. The capitol complex
43 parking structure revolving fund shall be administered
44 by the department of administrative services and shall
45 consist of moneys collected by the department as
46 parking fees, moneys appropriated to the fund by the
47 general assembly, and any other moneys obtained or
48 accepted by the department for deposit in the
49 revolving fund. The proceeds of the revolving fund
50 are appropriated to and shall be used by the
© 2003 Cornell College and
League of Women Voters of Iowa
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