H-8295

   Amend House File 2445 as follows:
   1.  Page 1, after line 15 by inserting: 
   <Sec. ___.  Section 15E.43, subsections 3 and 5, Code 2014, are amended to read as follows:
   3.  An investment shall be deemed to have been made on the same date as the date of acquisition of the equity interest as determined by the Internal Revenue Code. An investment made prior to January 1, 2002, shall not qualify for a tax credit under this division.
   5.  A tax credit shall not be redeemed during any tax year beginning prior to January 1, 2005. A tax credit shall not be transferable to any other taxpayer.
   Sec. ___.  Section 15E.43, Code 2014, is amended by adding the following new subsection:
   NEW SUBSECTION.  5A.  A tax credit issued pursuant to this division for an equity investment in a qualifying business, as described in section 15E.44, which is made on or after January 1, 2014, shall not be redeemed by a taxpayer prior to January 1, 2016.>
   2.  Page 2, line 21, by striking <This> and inserting <Except as otherwise provided in this division of this Act, this>
   3.  Page 5, line 14, after <“o”.> by inserting <Any moneys appropriated to a fund for purposes of this section shall be used for purposes of the strategic infrastructure program.>
   4.  Page 5, line 18, by striking <investment> and inserting <investment infrastructure>
   5.  Page 5, line 20, by striking <section> and inserting <section, except for moneys appropriated to a fund for purposes of this section,>
   6.  Page 7, after line 33 by inserting: 
   <Sec. ___.  EFFECTIVE UPON ENACTMENT.  This division of this Act, being deemed of immediate importance, takes effect upon enactment.>
   7.  Page 8, after line 12 by inserting: 

<DIVISION ___
ECONOMIC DEVELOPMENT REGIONS
   Sec. ___.  Section 15E.231, unnumbered paragraph 1, Code 2014, is amended to read as follows:

   In order for an economic development region to receive assistance pursuant to section 15.335B, an economic development region’s regional development plan must be approved by the authority. An economic development region shall consist of not less than three counties, unless two contiguous counties have a combined population of at least three hundred thousand based on the most recent federal decennial census two or more contiguous counties and one or more public or private, nonprofit entities that have entered into an agreement to pursue mutual economic development goals with a regional focus. An economic development region shall establish a focused economic development effort that shall include a regional development plan relating to one or more of the following areas:
   Sec. ___.  EFFECTIVE UPON ENACTMENT.  This division of this Act, being deemed of immediate importance, takes effect upon enactment.>
   8.  By renumbering as necessary.

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BALTIMORE of Boone