House
File
625
H-1254
Amend
House
File
625
as
follows:
1
1.
Page
1,
by
striking
line
12
and
inserting:
2
<
(2)
(a)
“Total
approved
tax
credits”
means
for
the
3
tax
year
>
4
2.
Page
1,
line
15,
by
striking
<
and
>
and
inserting
5
<
and
>
6
3.
Page
1,
by
striking
lines
18
through
21
and
7
inserting
<
and
for
tax
years
beginning
on
or
after
8
January
1,
2012,
“total
approved
tax
credits”
means
9
eight
million
seven
hundred
fifty
thousand
dollars.
10
(b)
However,
for
tax
years
beginning
on
or
after
11
January
1,
2014,
and
only
if
legislation
is
enacted
12
by
the
Eighty-fifth
General
Assembly,
2013
session,
13
amending
section
257.8,
subsections
1
and
2,
to
14
establish
both
the
state
percent
of
growth
and
the
15
categorical
state
percent
of
growth
for
the
budget
year
16
beginning
July
1,
2013,
at
two
percent
or
greater,
17
“total
approved
tax
credits”
shall
mean
one
of
the
18
following
dollar
amounts,
as
applicable:
19
(i)
If
both
the
state
percent
of
growth
and
the
20
categorical
state
percent
of
growth
for
such
budget
21
year
are
greater
than
or
equal
to
two
percent,
but
22
less
than
two
and
one-half
percent,
nine
million
nine
23
hundred
thousand
dollars.
24
(ii)
If
both
percents
are
greater
than
or
equal
to
25
two
and
one-half
percent,
but
less
than
three
percent,
26
ten
million
four
hundred
seventy-five
thousand
dollars.
27
(iii)
If
both
percents
are
greater
than
or
equal
28
to
three
percent,
but
less
than
three
and
one-half
29
percent,
ten
million
nine
hundred
fifty
thousand
30
dollars.
31
(iv)
If
both
percents
are
greater
than
or
equal
to
32
three
and
one-half
percent,
but
less
than
four
percent,
33
eleven
million
four
hundred
eighty-five
thousand
34
dollars.
35
(v)
If
both
percents
are
greater
than
or
equal
to
36
four
percent,
twelve
million
dollars.
>
37
4.
Title
page,
line
3,
by
striking
<
increasing
>
and
38
inserting
<
modifying
>
39
5.
Title
page,
line
4,
after
<
credits
>
by
inserting
40
<
contingent
on
the
establishment
of
certain
state
41
percents
of
growth
>
42
6.
By
renumbering
as
necessary.
43
______________________________
ISENHART
of
Dubuque
-1-
HF625.1473
(3)
85
mm/sc
1/
1
#1.
#2.
#3.
#4.
#5.
#6.