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.