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.