House Amendment 8257 PAG LIN 1 1 Amend Senate File 2290, as amended, passed, and 1 2 reprinted by the Senate, as follows: 1 3 #1. Page 1, by inserting after line 9 the 1 4 following: 1 5 <Sec. . Section 15.331A, unnumbered paragraph 1 6 1, Code Supplement 2003, is amended to read as 1 7 follows: 1 8 The eligible business or a supporting business 1 9 shall be entitled to a refund of the taxes paid under 1 10 chapters 422 and 423 for gas, electricity, water, or 1 11 sewer utility services, goods, wares, or merchandise, 1 12 or on services rendered, furnished, or performed to or 1 13 for a contractor or subcontractor and used in the 1 14 fulfillment of a written contract relating to the 1 15 construction or equipping of a facility within the 1 16 economic development area of the eligible business or 1 17 a supporting business. Taxes attributable to 1 18 intangible property and furniture and furnishings 1 19 shall not be refunded. However, an eligible business 1 20 shall be entitled to a refund for taxes attributable 1 21 to racks, shelving, and conveyor equipment to be used 1 22 in a warehouse or distribution center subject to 1 23 section 15.331C.> 1 24 #2. Page 1, line 33, by inserting after the word 1 25 <department.> the following: <The taxes paid shall be 1 26 itemized to allow identification of the taxes 1 27 attributable to racks, shelving, and conveyor 1 28 equipment to be used in a warehouse or distribution 1 29 center.> 1 30 #3. Page 1, line 35, by inserting after the word 1 31 <credit> the following: <certificate>. 1 32 #4. Page 1, line 35, by inserting after the words 1 33 <supporting business> the following: <equal to the 1 34 taxes paid by a third=party developer under chapters 1 35 422 and 423 for gas, electricity, water, or sewer 1 36 utility services, goods, wares, or merchandise, or on 1 37 services rendered, furnished, or performed to or for a 1 38 contractor or subcontractor and used in the 1 39 fulfillment of a written contract relating to the 1 40 construction or equipping of a facility. The 1 41 department shall also issue a tax credit certificate 1 42 to the eligible business or supporting business equal 1 43 to the taxes paid and attributable to racks, shelving, 1 44 and conveyor equipment to be used in a warehouse or 1 45 distribution center. The aggregate combined total 1 46 amount of tax refunds under section 15.331A for taxes 1 47 attributable to racks, shelving, and conveyor 1 48 equipment to be used in a warehouse or distribution 1 49 center and of tax credit certificates issued by the 1 50 department for the taxes paid and attributable to 2 1 racks, shelving, and conveyor equipment to be used in 2 2 a warehouse or distribution center shall not exceed 2 3 five hundred thousand dollars in a fiscal year. If an 2 4 applicant for a tax credit certificate does not 2 5 receive a certificate for the taxes paid and 2 6 attributable to racks, shelving, and conveyor 2 7 equipment to be used in a warehouse or distribution 2 8 center, the application shall be considered in 2 9 succeeding fiscal years>. 2 10 #5. Page 3, line 22, by striking the word <five>, 2 11 and inserting the following: <ten>. 2 12 #6. Page 5, line 17, by striking the word <five>, 2 13 and inserting the following: <ten>. 2 14 #7. By renumbering as necessary. 2 15 2 16 2 17 2 18 HOFFMAN of Crawford 2 19 2 20 2 21 2 22 STRUYK of Pottawattamie 2 23 SF 2290.202 80 2 24 tm/sh -1-