House File 2641 H-8273 Amend the amendment, H-8257, to House File 2641 as follows: 1 1. Page 1, after line 16 by inserting: 2 < ___. Page 74, by striking lines 4 through 15 and inserting: 3 < Sec. ___. EFFECTIVE DATE. This division of this Act, being 4 deemed of immediate importance, takes effect upon enactment. 5 Sec. ___. RETROACTIVE APPLICABILITY. This division of this 6 Act applies retroactively to January 1, 2020, for tax years 7 beginning on or after that date. 8 DIVISION ___ 9 IOWA SMALL BUSINESS RELIEF GRANT PROGRAM 10 Sec. ___. Section 422.7, Code 2020, is amended by adding the 11 following new subsection: 12 NEW SUBSECTION . 59. Subtract, to the extent included, 13 the amount of any financial assistance grant provided to an 14 eligible small business by the economic development authority 15 under the Iowa small business relief grant program created 16 during calendar year 2020 to provide financial assistance to 17 eligible small businesses economically impacted by the COVID-19 18 pandemic. 19 Sec. ___. Section 422.35, Code 2020, is amended by adding 20 the following new subsection: 21 NEW SUBSECTION . 26. Subtract, to the extent included, 22 the amount of any financial assistance grant provided to an 23 eligible small business by the economic development authority 24 under the Iowa small business relief grant program created 25 during calendar year 2020 to provide financial assistance to 26 eligible small businesses economically impacted by the COVID-19 27 pandemic. 28 Sec. ___. EFFECTIVE DATE. This division of this Act, being 29 deemed of immediate importance, takes effect upon enactment. 30 Sec. ___. RETROACTIVE APPLICABILITY. This division of this 31 Act applies retroactively to March 23, 2020, for tax years 32 ending on or after that date. > 33 ___. Title page, line 8, by striking < horse racing, > 34 ___. By renumbering as necessary. > 35 -1- H8257.4389 (1) 88 jm/jh 1/ 2 #1.