House
File
2594
H-8091
Amend
House
File
2594
as
follows:
1
1.
Page
1,
by
striking
lines
1
through
29
and
inserting:
2
<
Section
1.
NEW
SECTION
.
237A.31
Employer
child
care
tax
3
credit.
4
1.
The
taxes
imposed
against
the
income
tax
imposed
under
5
chapter
422,
division
II
or
III,
the
franchise
tax
imposed
6
under
chapter
422,
division
V,
the
gross
premiums
tax
under
7
chapter
432,
or
the
moneys
and
credits
tax
imposed
under
8
section
533.329
shall
be
reduced
by
an
employer
child
care
tax
9
credit
equal
to
the
amount
of
the
federal
employer-provided
10
child
care
tax
credit
provided
in
section
45F
of
the
Internal
11
Revenue
Code
the
taxpayer
was
eligible
for
in
the
same
tax
12
year.
13
2.
Any
credit
in
excess
of
the
tax
liability
is
not
14
refundable
but
the
excess
for
the
tax
year
may
be
credited
15
to
the
tax
liability
for
the
following
five
years
or
until
16
depleted,
whichever
is
earlier.
17
3.
The
director
of
the
department
of
revenue
shall
adopt
18
rules
pursuant
to
chapter
17A
to
administer
this
section.
>
19
2.
Page
1,
line
34,
by
striking
<
received
>
and
inserting
20
<
allowed
>
21
3.
Page
2,
line
10,
by
striking
<
received
>
and
inserting
22
<
allowed
>
23
4.
Page
2,
line
15,
by
striking
<
received
>
and
inserting
24
<
allowed
>
25
5.
Page
2,
line
20,
by
striking
<
received
>
and
inserting
26
<
allowed
>
27
6.
Page
2,
line
26,
by
striking
<
received
>
and
inserting
28
<
allowed
>
29
______________________________
BOSSMAN
of
Woodbury
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HF2594.3574
(1)
88
jm/jh
1/
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