House
File
768
H-1214
Amend
House
File
768
as
follows:
1
1.
Page
2,
by
striking
lines
6
through
13.
2
2.
Page
2,
by
striking
lines
23
through
26.
3
3.
Page
12,
line
34,
by
striking
<
estimated
>
4
4.
Page
13,
by
striking
lines
1
and
2
and
inserting:
5
<
5.
The
amount
of
tax
credits
that
may
be
awarded
to
an
6
eligible
taxpayer
for
any
one
year
under
all
agreements
shall
7
not
exceed
fifty
thousand
dollars.
>
8
5.
By
striking
page
13,
line
33,
through
page
14,
line
15,
9
and
inserting:
10
<
1.
a.
The
authority
shall
calculate
the
total
amount
of
11
the
tax
credits
for
each
pending
application
as
provided
in
12
section
16.82.
For
purposes
of
this
subsection,
the
total
13
amount
of
the
tax
credits
equals
the
sum
of
all
amounts
of
tax
14
credits
for
all
tax
years
based
on
the
term
of
the
agricultural
15
lease
agreement
as
provided
in
section
16.79A.
16
b.
The
sum
of
the
tax
credit
amounts
calculated
under
17
paragraph
“a”
for
all
applications
approved
by
the
authority
in
18
the
current
application
year
shall
not
exceed
twelve
million
19
dollars.
20
2.
a.
After
an
application
is
approved,
the
authority
shall
21
issue
tax
credit
certificates
to
each
eligible
taxpayer
not
22
later
than
December
15
of
each
year
in
the
amount
calculated
23
in
section
16.82
for
each
year
of
the
agreement
until
the
24
agreement
expires
or
is
terminated.
>
25
6.
By
renumbering,
redesignating,
and
correcting
internal
26
references
as
necessary.
27
______________________________
ZUMBACH
of
Linn
-1-
HF768.1806
(4)
88
da/jh
1/
1
#1.
#2.
#3.
#4.
#5.
#6.