Bill Text: IA HSB636 | 2017-2018 | 87th General Assembly | Introduced
Bill Title: A bill for an act relating to the innovation fund tax credit program of the economic development authority, and including effective date provisions.
Spectrum: Committee Bill
Status: (N/A - Dead) 2018-03-05 - Subcommittee Meeting: 03/06/2018 1:00PM House Lounge [HSB636 Detail]
Download: Iowa-2017-HSB636-Introduced.html
House
Study
Bill
636
-
Introduced
SENATE/HOUSE
FILE
_____
BY
(PROPOSED
ECONOMIC
DEVELOPMENT
AUTHORITY
BILL)
A
BILL
FOR
An
Act
relating
to
the
innovation
fund
tax
credit
program
of
1
the
economic
development
authority,
and
including
effective
2
date
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5426XD
(5)
87
mm/rn
S.F.
_____
H.F.
_____
Section
1.
Section
15E.52,
subsection
8,
Code
2018,
is
1
amended
to
read
as
follows:
2
8.
The
board
shall
not
certify
an
innovation
fund
after
June
3
30,
2018
2023
.
4
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
5
importance,
takes
effect
upon
enactment.
6
EXPLANATION
7
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
8
the
explanation’s
substance
by
the
members
of
the
general
assembly.
9
This
bill
relates
to
the
innovation
fund
tax
credit
program
10
of
the
economic
development
authority
(EDA),
which
provides
tax
11
credits
for
investments
in
innovation
funds
that
meet
certain
12
requirements
and
that
are
certified
by
EDA.
Current
law
13
provides
that
EDA
shall
not
certify
an
innovation
fund
after
14
June
30,
2018.
The
bill
extends
this
date
by
five
years
to
June
15
30,
2023.
The
bill
takes
effect
upon
enactment.
16
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