Struck = removed from the bill ·
added = the amendment's new text.
KHouse iFile m710 RS-3206 eAmend yHouse nFile o710, las dpassed sby Othe fHouse, fas ifollows: c e o f t h e G o v e r n o r A d a m G r e g g G O V E R N O R L T G O V E R N O R June K 2023 The Honorable Paul Pate Secretary'ol"StaleofIowa StateCapitol Des Moines.Iowa 50319 Dear Mr.Secretar>', 1herebytransmit:
HouseFile710.an1. Actrelatingtotheendow Iowataxcredit,makingappropriations,and includingretroactiveapplicabilityandeffectivedateprovisions.
Theabo\eHouseBy Fileisherebyapprovedonthisdate.striking page 1, line 1, through page 3, line 1.
Sincerely.2.
KimBy Reynstriking Governorpage of3, Iowaline cc:27, through page 4, line 1.
Secretarv3. of the Senate STATE CAPITOL DES MOINES,lOV^A 50319 515.281.5211 FAX 515.725.3527 WWW.GOVERNOR.IOWA.GOV niOMT nnnniinMiiiiniiiiitiiiinmiiinmiinn?T;""'" r:i>!iuii!iTmiiiiiiiiiiiiiiii[iiinmT?TnnTnTniiiiirm :
nTitle epage, rby astriking ilines .1 through 4 and inserting <An Act relating to the endow Iowa tax credit, making appropriations, and including retroactive applicability and effective date provisions.> 4.
aBy srenumbering sas enecessary. m b l y i J x! G 1 1 H o u s e F i l e 7 1 0 A N A C T RELATING TO THE ENDOW IOWA TAX CREDIT, MAKING APPROPRIATIONS, A N D I N C L U D I N GR E T R O A C T I V A P P L I C A B I L I T YA N D E F F E C T I V E D A T E P R O V I S I O N S .
B______________________________ ECOMMITTEE ION TWAYS EAND NMEANS ADAN CDAWSON, TCHAIRPERSON EHF D710.2079 BY(3) T90 H-1- Eec/rn G1/1 E N E R A L A S S E M B L Y O F T H E S T A T E O F I O W A :
D I V I S I O NI S P O R T S W A G E R I N G R E C E I P T S F U N DA P P R O P R I A T I O N Section 1 .
SPORTS WAGERING RECEIPTS FUND.
There is appropriated from the sports wagering receipts fund created in section 8.57, subsection 6, to the general fund of the state for the fiscal year beginning July 1, 2022, and ending June 30, 2023, the following amount to be used for purposes of section 5 E .
3 0 5 :
$ 7,000,000 Sec.
2, EFFECTIVE DATE.
This division of this Act, being deemed of immediate importance, takes effect upon enactment.
D I V I S I O NI I E N D O W I O W A T A X C R E D I T T A X Y E A R 2 0 2 3 S e c .
3 .
E N D O W I O W A T A X C R E D I T T A X Y E A R 2 0 2 3 .
Notwithstanding any provision of section 15E.305 to the contrary, the aggregate amount of tax credits authorized pursuant to section 15E.305 shall not exceed a total of thirteen million dollars for the tax year beginning on or after January 1, 2023, but before January 1, 2024.
Sec.
4.
EFFECTIVE DATE.
This division of this Act, being deemed of immediate importance, takes effect upon enactment.
House File 710, p.
2 Sec.
5.
RETROACTIVE APPLICABILITY.
This division of this Act applies retroactively to January 1, 2023, and applies to the tax year beginning on or after January 1, 2023, but before January 1 , 2024.
D I V I SI I IN E N D I O W T A C R E D—I G I F TM A D E P RT O2 0 2 3 Sec.
6.
2022 Iowa Acts, chapter 1002, is amended by adding the following new section;
NEW SECTION.
SEC.
54A.
APPLICABILITY.
The following applies to endowment gifts made to an endow Iowa qualified community foundation on or after January 1, 2023:
The section of this division of this Act amending section 15E.305, subsection 2, paragraph ^^a".
Sec.
7.
2022 Iowa Acts, chapter 1002, section 55, is amended t or e aa s f o l l o w s :
SEC.
55.
APPLICABILITY.
This Except as otherwise provided by this division of this Act, this division of this Act applies to tax years beginning on or after January 1, 2023.
Sec.
8.
EFFECTIVE DATE.
This division of this Act, being deemed of immediate importance, takes effect upon enactment.
S e c .
9 RETROACTIVE APPLICABILITY.
T h i s division othis Act applies retroactively to January 1,^023.
PAT GRASSLEY i AMY SINCJI^IR Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 710, Ninetieth General Assembly.
en.
ME(^N NELSON C h i eC l e o ft h H o u s e I Approved^ ' , 2023 KIM REXNOLQS G o v e r n o r