House Amendment 1458


PAG LIN




     1  1    Amend House File 877 as follows:
     1  2 #1.  Page 10, by inserting after line 6 the
     1  3 following:
     1  4    <Sec.    .  Section 422.12C, subsection 1,
     1  5 paragraphs f and g, Code 2007, are amended to read as
     1  6 follows:
     1  7    f.  For a taxpayer with net income of forty
     1  8 thousand dollars or more but less than forty=five
     1  9 fifty thousand dollars, thirty percent.
     1 10    g.  For a taxpayer with net income of forty=five
     1 11 fifty thousand dollars or more, zero percent.>
     1 12 #2.  Page 10, by inserting after line 14 the
     1 13 following:
     1 14    <Sec.    .  RETROACTIVE APPLICABILITY DATE.  The
     1 15 section of this division of this Act amending section
     1 16 422.12C applies retroactively to January 1, 2007, for
     1 17 tax years beginning on or after that date.>
     1 18 #3.  Title page, line 2, by inserting after the
     1 19 word <children> the following:  <, increasing the
     1 20 income threshold for the child and dependent care
     1 21 credit, including a retroactive applicability date
     1 22 provision,>.
     1 23
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     1 25                               
     1 26 KAUFMANN of Cedar
     1 27 HF 877.501 82
     1 28 jp/je/8040
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