Legislative Session number- 85

Bill Name: HF3200

HF 3200

FIRST ENGROSSMENT

Internal Revenue Code conforming changes made,
tuition and teacher expense additions provided, contractor withholdings
required, income tax brackets index temporarily modified, nonresident income
assigned to this state, and report required.

Section 1: Internal Revenue Code
definition modified and effective date provided.

Section 2: Returns by persons,
corporations, cooperatives, government entities, or school district payment
provision added and effective date provided.

Section 3: Net income language
modified and effective date provided.

Section 4: Additions to federal taxable
income language added.

Section 5: Internal Revenue Code language modified and
effective date provided.

Section 6: Schedules of rates for individuals,
estates, and trusts language modified, and effective date provided.

Section 7:
Income not derived from conduct of a trade or business language removed and
effective date provided.

Section 8: Payments to peresons who are not employees
language added and effective date provided.

Section 9: Internal Revenue Code
language removed and effective date provided.

Section 10: Scope language
modified and effective date provided.

Section 11: Audit and report to
legislature language provided.

Section 12: Indexing for tax brackets; Tax years
2009 and 2010 language provided.

JAJ 2/22/08