Bill Text: IA SF302 | 2011-2012 | 84th General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: A bill for an act increasing the amount of tax credits available under the endow Iowa program and including effective date and retroactive applicability provisions. (Formerly SF 118.) Effective 5-12-11.
Sponsorship: Committee Bill
Status: (Passed) 2011-12-31 - END OF 2011 ACTIONS [SF302 Detail]
Download: Iowa-2011-SF302-Enrolled.html
Bill Title: A bill for an act increasing the amount of tax credits available under the endow Iowa program and including effective date and retroactive applicability provisions. (Formerly SF 118.) Effective 5-12-11.
Sponsorship: Committee Bill
Status: (Passed) 2011-12-31 - END OF 2011 ACTIONS [SF302 Detail]
Download: Iowa-2011-SF302-Enrolled.html
Senate
File
302
AN
ACT
INCREASING
THE
AMOUNT
OF
TAX
CREDITS
AVAILABLE
UNDER
THE
ENDOW
IOWA
PROGRAM
AND
INCLUDING
EFFECTIVE
DATE
AND
RETROACTIVE
APPLICABILITY
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
15E.305,
subsection
2,
unnumbered
paragraph
1,
Code
2011,
is
amended
to
read
as
follows:
The
aggregate
amount
of
tax
credits
authorized
pursuant
to
this
section
shall
not
exceed
a
total
of
two
three
million
seven
five
hundred
thousand
dollars
plus
such
additional
credit
amount
as
provided
by
this
section
annually.
The
maximum
amount
of
tax
credits
granted
to
a
taxpayer
shall
not
exceed
five
percent
of
the
aggregate
amount
of
tax
credits
authorized.
Sec.
2.
EFFECTIVE
UPON
ENACTMENT
AND
RETROACTIVE
APPLICABILITY.
This
Act,
being
deemed
of
immediate
importance,
takes
effect
upon
enactment
and
applies
retroactively
to
Senate
File
302,
p.
2
January
1,
2011,
for
tax
credits
authorized
on
or
after
that
date.
______________________________
JOHN
P.
KIBBIE
President
of
the
Senate
______________________________
KRAIG
PAULSEN
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
302,
Eighty-fourth
General
Assembly.
______________________________
MICHAEL
E.
MARSHALL
Secretary
of
the
Senate
Approved
_______________,
2011
______________________________
TERRY
E.
BRANSTAD
Governor
