Senate File 2407 - Introduced



                                       SENATE FILE       
                                       BY  COMMITTEE ON WAYS AND MEANS

                                       (SUCCESSOR TO SSB 3292)


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the repeal of the wage=benefit tax credit
  2    program and making an appropriation.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 6619SV 82
  5 mg/rj/14

PAG LIN



  1  1    Section 1.  Section 15.335A, subsection 2, paragraphs b and
  1  2 c, Code 2007, are amended by striking the paragraphs and
  1  3 inserting in lieu thereof the following:
  1  4    b.  "Average county wage" means the annualized, average
  1  5 hourly wage based on wage information compiled by the
  1  6 department of workforce development.
  1  7    c.  "Benefits" means all of the following:
  1  8    (1)  Medical and dental insurance plans.  If an employer
  1  9 offers medical insurance under both single and family coverage
  1 10 plans, the employer shall be given credit for providing
  1 11 medical insurance under family coverage plans to all new
  1 12 employees.
  1 13    (2)  Pension and profit sharing plans.
  1 14    (3)  Child care services.
  1 15    (4)  Life insurance coverage.
  1 16    (5)  Other benefits identified by rule of the department of
  1 17 revenue.
  1 18    Sec. 2.  Section 15.336, Code 2007, is amended to read as
  1 19 follows:
  1 20    15.336  OTHER INCENTIVES.
  1 21    An eligible business may receive other applicable federal,
  1 22 state, and local incentives and credits in addition to those
  1 23 provided in this part.  However, a business which participates
  1 24 in the program under this part shall not receive any
  1 25 wage=benefits tax credits under chapter 15I.
  1 26    Sec. 3.  Section 15G.112, subsection 1, Code 2007, is
  1 27 amended to read as follows:
  1 28    1.  In order to receive financial assistance from the
  1 29 department from moneys appropriated from the grow Iowa values
  1 30 fund, the average annual wage, including benefits, of new jobs
  1 31 created must be equal to or greater than one hundred thirty
  1 32 percent of the average county wage.  For purposes of this
  1 33 section, "average county wage" and "benefits" mean the same as
  1 34 defined in section 15I.1 15.335A.
  1 35    Sec. 4.  Section 422.33, subsection 18, Code Supplement
  2  1 2007, is amended by striking the subsection.
  2  2    Sec. 5.  Section 422.60, subsection 10, Code Supplement
  2  3 2007, is amended by striking the subsection.
  2  4    Sec. 6.  Section 533.329, subsection 2, paragraph m, Code
  2  5 Supplement 2007, is amended by striking the subsection.
  2  6    Sec. 7.  DEPARTMENT OF WORKFORCE DEVELOPMENT == FIELD
  2  7 OFFICES.  There is appropriated from the general fund of the
  2  8 state to the department of workforce development for the
  2  9 fiscal year beginning July 1, 2008, and ending June 30, 2009,
  2 10 the following amount, or so much thereof as is necessary, for
  2 11 the purposes designated:
  2 12    For keeping open and operating existing rural field
  2 13 offices:
  2 14 .................................................. $  4,000,000
  2 15    Sec. 8.  Sections 15I.2, 15I.3, and 422.11L, Code
  2 16 Supplement 2007, are repealed.
  2 17    Sec. 9.  Sections 15I.1, 15I.4, 15I.5, and 432.12G, Code
  2 18 2007, are repealed.
  2 19                           EXPLANATION
  2 20    This bill repeals the wage=benefits tax credit program and
  2 21 makes necessary coordinating amendments.  The bill also makes
  2 22 an appropriation to the department of workforce development to
  2 23 keep open and operate its rural field offices.
  2 24 LSB 6619SV 82
  2 25 mg/rj/14